Tag: Central Bank of Russia

March 13, 2015 BY Maria Nikolova

Bank of Russia reduces key rate from 15% to 14%

Bank of Russia, the country's financial megaregulator, has just announced the key interest rate will be reduced to 14% from March 16, 2015. The move represents a cut from the level of 15%, which was introduced on February 2, 2015. That, in itself, represented a cut from the level of 17%, introduced on December 16,…

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