The Bank of Russia is considering moving faster than previously signalled to tighten monetary policy and may bring its key interest rate up by 125 basis points or more before the end of the year, according to a person with knowledge of the discussions. A surge in inflation and concerns about government plans to increase spending mean the central bank may raise the rate in several steps to 5.5% or possibly even 6% – though that’s currently seen as less likely – by the end of the year, the person said, speaking on condition of anonymity to discuss deliberations that aren’t public. The rate now stands at a record low of 4.25%. Such a fast move to tighten monetary policy would represent a drama
Hence then, the article about russia mulls faster rate hikes this year as inflation spikes was published today ( ) and is available onGulf Times ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Russia mulls faster rate hikes this year as inflation spikes )