Reduction in current Russian Central Bank rates low probable under current inflation: Uliukaev

12.12.2013 14:37
Reduction in current Russian Central Bank rates low probable under current inflation: Uliukaev

YEREVAN, December 12 . /ARKA/. Head of Russia’s ministry of economic development Aleksey Uliukaev said Russian Central Bank’s rates for key transactions will most probable not reduce under the current inflation, Uliukaev told reporters in London as quoted by RIA Novosti.

Directors’ board of Bank of Russia, as expected, maintained the key weekly auction REPO rate unchanged – at 5.5% per annum. The next rate policy meeting of the board is scheduled for December 13.

Russia’s inflation gained 6.1% from the beginning of the year till December 9, RosState reported Wednesday.–0--


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