Russia Economy - December 2011

Source: OPEC 1/23/2012, Location: Asia

Russia reduced its benchmark rate on December, as an end to the campaign of inflation-fighting, as policy-makers seem to believe that an external economic slump might be more challenging to the country than inflation. Russia, in this sense, is joining nations such as Brazil and Indonesia that are easing borrowing costs to manage the spillover effect from the slowdown in China and Europe’s debt crisis. The refinancing rate was reduced to 8% from 8.25%, the Central Bank of Russia said. The difference between the main lending and deposit rates was cut a quarter-point to 1.25 percentage points, the narrowest ever.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

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