trending Market Intelligence /marketintelligence/en/news-insights/trending/5bHSz_wElP9pipILeEl0Hw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Russian central bank delivers 5th straight rate cut amid inflation slowdown

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Russian central bank delivers 5th straight rate cut amid inflation slowdown

The Central Bank of the Russian Federation reduced its key rate by 25 basis points to 6.25%, delivering its fifth rate cut in a row, as a slowdown in consumer price growth continued to overshoot projections.

Annual inflation eased to 3.5% in November from 3.8% in October, while core inflation also slowed to 3.5% from 3.7%.

The central bank now expects inflation to be in the range of 2.9% to 3.2% at the end of 2019, down from a range of 3.2% to 3.7% projected in October. However, it maintained its inflation forecast range of 3.5% to 4.0% for 2020.

The bank kept its economic growth forecasts unchanged, projecting a GDP expansion in the range of 0.8% to 1.3% for 2019 and an increase of 2% to 3% for 2022.

"If the situation develops in line with the baseline forecast, the Bank of Russia will consider the necessity of further key rate reduction in the first half of 2020," the central bank said.