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Russia Interest Rate Decision

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Russia Interest Rate Decision

Frequency

Delivery Method

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Status

 
Latest Release
Oct 25, 2024
Actual
21.00%
Forecast
20.00%
Previous
19.00%
The Bank Rossii decision on short term interest rate. The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency.
A higher than expected rate is positive/bullish for the RUB, while a lower than expected rate is negative/bearish for the RUB.
Importance:
Country:
Currency: RUB
Source: Central Bank of Russia
Russia Interest Rate Decision
 
Release Date Time Actual Forecast Previous
Oct 25, 2024 (Oct) 05:30 21.00% 20.00% 19.00%
Sep 13, 2024 (Sep) 05:30 19.00% 18.00% 18.00%
Jul 26, 2024 (Jul) 05:30 18.00% 18.00% 16.00%
Jun 07, 2024 (Jun) 05:30 16.00% 16.00% 16.00%
Apr 26, 2024 (Apr) 05:30 16.00% 16.00% 16.00%
Mar 22, 2024 (Mar) 05:30 16.00% 16.00% 16.00%

News

Russia's Central Bank Cuts Key Rate to 7.5%
Russia's Central Bank Cuts Key Rate to 7.5% By Investing.com - Sep 16, 2022 2

By Scott Kanowsky  Investing.com -- Russia's central bank has lowered its key interest rate by 50 basis points to 7.5% on Friday, in line with economists' estimates, as it flagged lingering economic...

Analysis

Craig Erlam
Week Ahead: Rate Hikes Keep Coming By Craig Erlam - Jun 12, 2022

Will a recession follow?It’s been a slow start to the month in financial markets but the ECB rate decision on Thursday finally got things moving and the US inflation data on Friday kept it going...

Craig Erlam
Week Ahead: Another Action-Packed Week By Craig Erlam - May 29, 2022 1

Will the recovery continue?It’s likely to be another action-packed week despite numerous countries seeing it shortened by bank holidays. The jobs report is typically the highlight when it comes...

Interest Rate Decision Discussion

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All Comments (2)
Ulf Ahl
Ulf Ahl Feb 03, 2017 5:45AM ET
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Only 4 of 22 analysis said that it would drop and others said unchanged.. Investing.com get your facts right.
Michael Katon
Michael Katon Jun 15, 2015 8:02AM ET
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This maybe a little bit too late. The exchange rate is more driven by geopolitical factors and oil/natural gas prices.
 
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