Date: 9 months ago   Category: Economy

The Bank of Russia for the first time in four years has raised a key interest rate

The Central Bank of the Russian Federation has made the decision to raise a key interest rate to 7,5% against the background of the amplifying inflationary risks. The decision has been made at a meeting of the Board of Directors of bank on September 14. – Under the influence of external factors monetary and credit conditions have a little become tougher. Have significantly grown the yield on federal loan bond. Increase in interest rates in the deposit and credit market has begun. Increase in a key interest rate will promote preservation of positive real interest rates for deposits, – quotes the representative of TASS bank. The following consideration of level of a key interest rate is planned for the end of October of the current year. Photo: Google.Images to Share: key interest rate increase Russia Central Bank