Russia’s central bank raised its key rate by 50 basis points on Friday, citing rising inflationary expectations.
The Board of Directors, led by Governor Elvira Nabiullina decided to lift the benchmark rate by 50 basis points to 5.00 percent. Economists had forecast a quarter point hike.
The bank observed that recovery in demand is becoming more and more resilient and in a number of sectors is outstripping the possibility of increasing output. In these conditions, the balance of risks is shifted towards pro-inflationary ones, the bank said.
The bank upgraded its inflation forecast to 4.7 percent – 5.2 percent for 2021. The bank predicts the growth of the Russian economy in 2021 by 3.0 percent – 4.0 percent.
The material has been provided by InstaForex Company – www.instaforex.com
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.