Business & Finance

Reuters exclusively reports Russia cenbank to choose between holding and raising rates in April

The Russian central bank will consider holding or raising interest rates at its April 23 board meeting as inflation is seen hovering above the 4% target throughout 2021, the bank’s head of monetary policy, Kirill Tremasov, told Reuters. After slashing the key rate to a record low of 4.25% in 2020 to help the economy overcome crisis sparked by the COVID-19 pandemic and crash in oil prices, the central bank raised it to 4.5% and said more hikes would follow. Tremasov also said that geopolitical risks were not the key factor behind the March decision to raise the rates.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: FX & Fixed Income
Regions: Europe
Countries: Russia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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