Central Bank of Russia simplifies interest rate policy

Bank of Russia

The Central Bank of Russia (CBR) today unveiled a set of new measures aimed at simplifying its monetary policy toolkit, making it more transparent and easy for market participants to understand.

The new measures come two days after the CBR appointed a new deputy chairman in charge of monetary policy, Ksenia Yudayeva, and is the second occasion in recent months it has made significant changes to its monetary policy arsenal.

Under the new regime, the existing interest rate on one-week liquidity, w

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