Enquiry Service of Legal Entities
Legal Base Rates/Prices
Application of data from the USRLE TIN (INN) check
Procedure of data provision Feedback
русская версия
Forgot password? Registration
Enquiry Service of Legal Entities

  Go to main page

Central Bank may cut refinancing rate to 10% in 2010 - Kudrin


ST. PETERSBURG, June 5 (RIA Novosti) - Russia's Central Bank could cut its key lending rate to 10% in 2010, the finance minister said on Friday.

"If inflation reaches 10% (the basic forecast for 2010), the refinancing rate may be cut to 10% in the middle or by the end of the next year," Alexei Kudrin told journalists at the St. Petersburg International Economic Forum.

He added that the refinancing rate needs to be lowered carefully because the GDP and inflation forecasts for 2010 are uncertain.

The Central Bank announced on Thursday it would further cut the refinancing rate by 0.5 percentage points to 11.5% per annum from June 5, following a slowdown in consumer price growth.

More news

Back to the news list

Copyright © 2005- Enquiry Service of Legal Entities LLC.
All rights reserved.

Fax: +7(495) 540-56-12 (24/7)
E-mail: info@RussianPartner.biz