Ruble Gains vs. Dollar Despite Interest Rate Cut from Bank of Russia

Jun 15,2019 01:59   Source:Earnforex
The Russian ruble gained today versus the US dollar even after Russia’s central bank cut its key rate.   The Bank of Russia announced today that it is cutting its main interest rate by 25 basis points to 7.5%. Furthermore, the central bank signaled that additional cuts are possible: If the situation develops in line with the baseline forecast, the Bank of Russia admits the possibility of further key […]

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