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Emerging Europe Economics Update

Emerging Europe Economics Update

Central Bank of Russia prepares for global downturn

Today’s decision by the Central Bank of Russia (CBR) to lower its overnight repo rate and at the same time raise its overnight deposit rate is an attempt to wrest back control over market interest rates, and may be a sign that policymakers are preparing themselves for a slowdown on the global economy.

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This article is tagged with the following subjects: Emerging Europe, Macro-economics, Monetary policy, Russia
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