Russian central bank decision on refinance rate


The Russian Central Bank is reducing its refinance rate from 14 per cent to 13 per cent from 15 June.

The Central Bank last changed the refinancing rate on 15 January when the rate fell to 14 per cent from 16 per cent. Six months before, it was lowered to 16 per cent from 18 per cent.

Source: Interfax



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Posted on Jun 14, 2004
Region: Russia