06-04-15 17:39 pm – Source: Reuters
The Russian President Vladimir Putin. © epa
Russian consumers paid in March, 16.9 percent more than an everyday products year earlier. The fastest increase since 2002 is mainly due to the free fall of the ruble as a result of Western sanctions against Russia and influential Russians. In February inflation of 16.7 percent was also very significant.
The Russian central bank has six consecutive rate hikes begun a program of support for the economy, which is the first time since 2009 in a recession slipped. The bank takes into account that the economy this year may shrink by 4 percent. At the last rate cut decreased key rate by a full percentage point to 14 percent.
On April 30, the central bank examines the question of whether interest should be further reduced or that there are other steps are needed.
(Edited by editors)
No comments:
Post a Comment