Will the MOEX Russia Index maintain a positive trend by January 31, 2025?
Yes • 50%
No • 50%
Performance data of the MOEX Russia Index
Bank of Russia Holds Key Interest Rate at 21%, Surprising Analysts Who Expected 23%, Amid 8.9% Inflation
Dec 20, 2024, 11:00 AM
The Bank of Russia has decided to maintain its key interest rate at 21% per annum, a move that has surprised many analysts who anticipated a hike to 23% to combat rising inflation. This decision comes amid expectations that inflation will increase from the current rate of 8.9% to 9.2% by the end of the year. The central bank's action follows significant criticism from major Russian business leaders regarding the monetary policy. The decision to hold rates was also influenced by a tightening of monetary conditions that exceeded previous forecasts. The announcement has led to a rise in the Russian market, reflecting a positive response to the central bank's unexpected stance.
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No • 50%
Yes • 50%
Yes • 50%
No • 50%
Putin remains in power • 25%
Putin is replaced • 25%
Putin steps down • 25%
No leadership change • 25%
Rate Increase • 25%
Other • 25%
Rate Unchanged • 25%
Rate Decrease • 25%
No Comment • 25%
Supportive • 25%
Critical • 25%
Neutral • 25%