Russia Raises Interest Rate Amid Economic Woes

Written By Unknown on Kamis, 11 Desember 2014 | 18.56

The Bank of Russia has increased its key interest rate to 10.5%, to help spur the economy amid sanctions and sliding oil prices.

The bank raised the rate from the previous figure of 9.5%.

It confirmed it would also continue to raise the rate even higher if inflation continues to accelerates.

The central bank predicted inflation reaching 10% by year's end due to the plunging value of the rouble.

It said it now expects growth to be flat through to 2016.

"Annual GDP growth is expected to be close to zero in 2015-2016," the bank said in a statement.

It cited depreciation of the currency and the "external conditions" of Western sanctions and sliding oil prices.

More follows...


Anda sedang membaca artikel tentang

Russia Raises Interest Rate Amid Economic Woes

Dengan url

http://temannyakawanya.blogspot.com/2014/12/russia-raises-interest-rate-amid.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Russia Raises Interest Rate Amid Economic Woes

namun jangan lupa untuk meletakkan link

Russia Raises Interest Rate Amid Economic Woes

sebagai sumbernya

0 komentar:

Posting Komentar

techieblogger.com Techie Blogger Techie Blogger