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The Bank of Russia on 11 December 2015 decided to keep the base interest rate unchanged at 11%, thus indicating that the bank will not move forward with easing monetary policy. Russia's Central Bank on 14 December resumed 12-month foreign exchange repo auctions with a view to pushing down demand...
Persistent link: https://www.econbiz.de/10013000664
Over the period March 2015 – February 2016, the growth rate of prices declined to 8.1%, while the corresponding index for February 2015 – January 2016 amounted to 9.8%. As demonstrated by the results of a survey published by the Bank of Russia, in February the median inflation expectation...
Persistent link: https://www.econbiz.de/10012992289
In late February 2022, the EU countries and the USA put in place sanctions against the Bank of Russia, which imply freezing of international reserve assets. As a result, about 50% of the reserves ($300 bn of the $630 bn available as of February 1, 2022) were affected by the sanctions.Countries...
Persistent link: https://www.econbiz.de/10013289171