Business & Finance
06 April 2021, 1:57 pm. 1 minute
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