Russian pair Tarasova/Morozov win final of ISU Grand Prix of Figure Skating in MarseillesSport December 10, 4:00
Matviyenko to visit UAE to participate in Forum of Women Speakers of ParliamentRussian Politics & Diplomacy December 10, 3:21
Doping samples of all athletes from past three Olympics should be re-analyzed ― lawmakerSport December 10, 2:01
Russia’s figure skater Medvedeva leads with world record after SP at Grand Prix finalsSport December 10, 1:28
Russian energy minister expects OPEC, non member countries to sign agreement on oil outputBusiness & Economy December 10, 0:46
40 ceasefire violations reported in Syria in past day ― Russian reconciliation centerWorld December 10, 0:02
Russia open for cooperation with IOC, WADA ― ROC presidentSport December 09, 23:44
McLaren’s report speaks for ‘fundamental attack’ on sports integrity ― IOC chief BachSport December 09, 23:08
McLaren report’s allegations to be taken to legal courts — former Sports Minister MutkoSport December 09, 21:41
MOSCOW, December 25. /TASS/. The Central Bank of Russia will cut its key rate as soon as the economic situation improves, Finance Minister Anton Siluanov said on Thursday.
“We see that the economic situation is improving. We believe that this process will continue. As soon as we see that the market situation improves, I believe that the Central Bank will decide on changing the key rate,” the finance minister said. “This will provide guidance and influence market rates, which will also fall,” he said. There are no grounds for keeping high rates for long, he said.
Russia’s Central Bank hiked last week its key rate determining borrowing costs for commercial banks to 17% from 10.5% to stem the ruble’s freefall and curb inflationary expectations amid falling prices in oil, a major Russian export commodity. The key rate hike has made loans less affordable for business.