Central Bank of Russia keeps policy steady for 2nd straight month

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - For the second month in a row, the Central Bank of Russia (CBR) decided to leave the interest rates unchanged at its monetary policy meeting on Friday.

    The central bank Governor Elvira Nabiullina kept rates-on hold at 11%, despite its ongoing fight to counter rising price pressures, which stand close to 13-year highs at 15.7% (Sept figures).

    Meanwhile, the rouble remains on the bids following the rate decision, sending USD/RUB -0.34% lower at 63.97 levels.
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