Please use symbol entry at top right of page to search

Russian central bank to hold extraordinary rate-setting meeting on Thursday

May 25 (Reuters) - Russia's central bank will hold an extraordinary meeting on Thursday to consider the level of its key interest rate, the bank said on Wednesday.

The central bank, which has its next scheduled rate-setting meeting set for June 10, will publish the key rate statement at 0730 GMT on Thursday after the extraordinary meeting. It did not provide further details in its statement on Wednesday.

The central bank has slashed rates twice by 300 basis points to 14% since an emergency rate hike in late February to 20%.

Earlier on Wednesday, the bank said that inflationary expectations among households fell to 11.5% in May from 12.5% in April, a factor giving it more reasons to cut the key rate further to boost Russia's shrinking economy with cheaper lending. (Reporting by Reuters)

Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

Search News

Filter Results

Publication Date
Topic
Provider
  • All

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.