The Board of Directors of the Russian Central Bank will meet today to discuss the country’s monetary policy, and this comes at a time when Russia’s currency continues to rise against the dollar and euro.
At 10:28 Moscow time, the dollar exchange rate dropped 71 kopecks (the ruble = 100 kopecks) to 58.60 rubles, while the euro exchange rate dropped 1.34 rubles to 61.95 rubles.
Today, Friday, Russia’s Central Bank Board of Directors will discuss the country’s monetary policy, amid expectations that the Central Bank will decide to reduce the core interest rate.
Experts agree that the Central Bank of Russia will reduce Russia’s interest rate in the face of the rise of the ruble, especially after the rise of the Russian currency today, however, experts differ on the rate of reduction, as expected by some experts the reduction of 2%. , while others point to 1%.
The Russian Central Bank surprised the markets at an emergency meeting held on May 26, when it decided to reduce the basic interest rate by 3% to a going to 11% per annum.
Source: RT
Source: Arabic RT
