Twelve militants of Islamic Jihad Mujahideen Jamaat grouping detained in KaliningradSociety & Culture April 27, 2:14
Russian Prosecutor General’s Office finds another 3 NGOs to be undesirableRussian Politics & Diplomacy April 26, 21:42
Moscow ‘seriously concerned’ about Turkish airstrikes in Iraq, SyriaRussian Politics & Diplomacy April 26, 20:55
North Korea ‘neither fears war nor wants to avoid it,’ says country’s UN missionWorld April 26, 20:37
Russia’s Emergencies Ministry to continue helping Serbia in mine clearance in 2017Military & Defense April 26, 20:20
Putin says Russia, China maintain relations at 'unprecedentedly high level'Russian Politics & Diplomacy April 26, 20:02
Polls shows number of happy Russians at record-breaking historic highSociety & Culture April 26, 19:27
IS recruiting Taliban fighters in Afghanistan — Russia’s General StaffMilitary & Defense April 26, 18:49
Coffin with presumed remains of 19th century Russian general dug up in TurkeySociety & Culture April 26, 18:26
ST. PETERSBURG, June 16. /TASS/. The decision of the US Federal Reserve to keep the interest rate unchanged was expected and will indirectly impact the Russian economy, Deputy Chief Executive Officer of Russia’s second-biggest lender VTB Herbert Moos told TASS Thursday.
"That was an expected decision. This year may see another rate hike, and that is all I think. Our colleagues from American banks do not consider the (current) situation to be positive for the U.S. economy as lending is stagnating. I don’t see any signs of the Federal Reserve’s intention to raise rates," he said, adding that "this will indirectly impact the Russian market" and "probably may even be positive" for Russia.
The US Federal Reserve System acting as the national central bank kept the base interest rate unchanged at 0.25-0.5% on June 15, 2016. It also implied two rate hike rounds may be expected later this year.
The Federal Reserve System also downgraded its economic growth forecast for the United States for 2016 and 2017 - to 2% of GDP growth per year.
According to the Russian Central Bank, the Federal Reserve System will be slowly raising the rates and this year may see one or two hikes. The regulator’s Chief said last week the hikes may negatively impact commodity futures.