16 September 201613:01
UBRD: Refinancing Rate To Fluctuate within 0.5%
UrBC, Yekaterinburg, September 16, 2016. The Ural Bank for Reconstruction & Development’s Holistic Risk Management Director Dmitri Zavyalov is confident the Central Bank won’t let the refinancing rate decline by any more than 0.5%. ‘Russia’s inflation rate has been gradually going down for the last few months, from 7.5% in June down to 6.9% in August, for example. People’s inflation expectations are also changing. Based on the Central Bank’s August 2016 report, the number of survey respondents who expect the inflation to slow down next year rose by 2%, up to 18% altogether. At the same