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  • Russian interest rate to drop to 7% by 2016 – Goldman Sachs
Russia Economy

Russian interest rate to drop to 7% by 2016 – Goldman Sachs

09/02/2015

Russian interest rate: The US investment bank Goldman Sachs  today predicted that Russia’s Central Bank’s would lower its key interest rate from 15% to 11% and then reduce it by a percentage point each quarter until it reaches 7% next year. It  expects the country’s inflation to peak at 17-19% in Q2 2015. ITAR-TASS

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Topics: macroeconomics

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