Central Bank of Russia’s Repo Rate Unchanged

Posted on 09/16/2013


On September 13th, the Central Bank of Russia announced that they would leave the one-day auction repo rate, its main policy rate, unchanged. Despite a sluggish economic wave, Elvira Nabiullina, newly-minted central bank governor, stated that interest rates would remain unchanged until inflation levels reached a rate of between 5 to 6 percent. The Central […]