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decided to cut the key rate by 50 bp to 8.50% p.a. on 15 September 2017. During the
next two quarters, the Bank
slipped by 1.23 p.p. to 11.50%; and
4
for MLs in foreign currency – by 1.40 p.p. to 6.75%. The
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19.09.2017
15 September 2017 meeting, to reduce the key rate to 8.50% p.a. and interest rates on some specialised refinancing instruments, effective19 June, due
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15.09.2017
1 pp to 9% p.a., while interest rates on long-term loans have dropped by 1.8 pp to approximately 10% p.a., and those
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15.09.2017
on loans extended to leasing companies,
have been reduced to 7.50% p.a.
The interest rate on the Bank of Russia loans secured by
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15.09.2017
The Bank of Russia cuts the key rate by 50 b.p. to 8.50% p.a
15 September 2017
Press release
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1,2 2,0 2,3 2,0
balance sheet total , b.p.
of which:
- 20 largest-asset credit institutions 1,0 1,0 1,5
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15.09.2017
1 pp to 9% p.a., while interest rates on long-term loans have dropped by 1.8 pp to approximately 10% p.a., and those
data on money transfers include those effected via the
following payment systems:
3
The World Bank “Remittance prices worldwide – issue 21”,
March 2017, p. 14.
Aruoba, B., Cuba-Borda, P., Schorfheide, F. Macroeconomic Dynamics Near the ZLB: A
Tale of Two Countries // Manuscript. 2016.
3. Ascari, G., Bonomolo, P., Lopes, H.