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Russia
hogan uomo held a meeting and decided to keep the central bank refinancing rate and other key interest rates unchanged. This is the third straight month the Russian central bank refinancing rate unchanged.

after the Russian central bank announced that 8. 25% of the refinancing to maintain the same interest rate, because in considering the international and domestic macroeconomic situation and monetary and credit policy over the past few months after the implementation of results, the central bank that the current level of interest rates helps to maintain the risk of inflation and slower economic growth the balance between risks.

Notice scarpe hogan that, since July, Russias inflation continues to slow down, some food prices are mainly driven by the overall consumer prices down. In addition, Russias grain harvest this year, and the world food market situation is expected to better reduce the risk of inflation.

announcement also said that from June of macroeconomic data, although there have been many positive factors, such as industrial production growth, falling unemployment and fixed-asset investment growth, affect the steady economic growth but risks remain.

since April since 2009, the Russian central bank has cut the refinancing rate 14 times, most recently to reduce the refinancing rate of the time for May 31, 2010. Since then, Russia refinancing rate has remained at 7. 75% level. However, to curb excessive currency liquidity caused by excessive pressure on inflation, the Russian central bank in February and April this year were a further 0. 25 percentage point interest rate financing, so that the interest rate to 8. 25%.

Author: Jacky Lau
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