Bank of Russia governor Elvira Nabiullina hinted at a bigger than normal interest rate cut when the central bank meets next week.
Bank of Russia usually favours moves of 25 Basis points ( 100 Basis point = 1 % ) at one point of time, but at ties opts for 50 basis point change in the rates.
Due to Covid -19 fears there has been approximately USD 2 Billion dollars exit of funds from Russian economy ( Note that USD 2 Bill = 15, 000/- Crores Indian Rupees ).
Still analysts see and feel that its a good time to invest in the Russian economy and its stock market as there is lots of scope for its growth as compared to the developed economies of Americans or Western Europeans countries.
Bank of Russia usually favours moves of 25 Basis points ( 100 Basis point = 1 % ) at one point of time, but at ties opts for 50 basis point change in the rates.
Due to Covid -19 fears there has been approximately USD 2 Billion dollars exit of funds from Russian economy ( Note that USD 2 Bill = 15, 000/- Crores Indian Rupees ).
Still analysts see and feel that its a good time to invest in the Russian economy and its stock market as there is lots of scope for its growth as compared to the developed economies of Americans or Western Europeans countries.
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