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Central bank of Russia cuts interest rates to 15% from 17%

Central bank of Russia cuts interest rates to 15% from 17%

Central Banks
Mike Paterson
30/01/2015 | 10:31 GMT
  • due to changing sentiment on risk
  • previous rate rise helped stabilize CPI expectations
  • sees CPI below 10% in 2016
  • 2014 GDP forecast +0.6%

One for you RUB traders out there. Unexpected move

Rouble weakens on the news

Full CBR release here

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