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Prospect News home > News index > List of issuers B > Headlines for Bank of Russia > News item
Published on 6/1/2010 in the Prospect News Emerging Markets Daily.

Bank of Russia lowers key lending rate to another record low of 7¾%

By Richard Connell

New York, June 1 - The Bank of Russia cut its refinancing interest rate by 25 basis points to 7¾% on Monday, according to information released by the bank.

The bank has now made 14 consecutive cuts in the interest rate by a total of 525 bps dating back to April 24, 2009.


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