The Bank of Russia Maintains Interest Rate at 7.25% p.a.
Moscow | 27th April 2018
On 27 April 2018, the Bank of Russia Board of Directors decided to keep the key rate at 7.25% per annum. Annual inflation remains low. The April weakening in the ruble against the backdrop of geopolitical tension will be a factor for consumer price growth paces to quicken as they move closer to 4%. However, this does not create risks of inflation overshooting the target.
” RUSSIA Interest rate AT 7.25% IN April 2018″
The Bank of Russia Board of Directors will hold its next rate review meeting on 15 June 2018. The Board decision press release is to be published at 13:30 Moscow time.
Official Press Release by Bank of Russia
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