JRL NEWSWATCH: “Russia Cuts Interest Rate Again Amid Global Push for Looser Policy” – Wall Street Journal/ Georgi Kantchev

“Russia’s central bank lowers its main rate to 7.25%”

“… With signs mounting that the world economy is slowing, the [Federal Reserve] is widely expected to lower interest rates for the first time in over a decade …. The European Central Bank signaled … it is preparing to cut short-term interest rates for the first time since early 2016 …. Turkey’s central bank sharply cut its interest rate … Thursday. In Russia, the central bank responded to slowing inflation and lethargic economic growth by lowering rates for the first time since March 2018 last month. Bank of Russia Gov. Elvira Nabiullina has indicated that she wants to complete the rate-cutting cycle in small steps by mid-2020. On Friday, Russia’s central bank lowered its rate again, to 7.25% from 7.5%. …”

Click here for: “Russia Cuts Interest Rate Again Amid Global Push for Looser Policy; Russia’s central bank lowers its main rate to 7.25%” – Wall Street Journal/ Georgi Kantchev

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