Ruble up slightly following Central Bank’s decision to cut key rate to 11% per annum
As of 10:50 am the dollar exchange rate was up by 2.61%, while the euro was up by 4.44%.
MOSCOW, May 26. /TASS/. The ruble exchange rate strengthened slightly during foreign currency trading on Moscow Exchange on Thursday following the Central Bank’s decision to cut the key rate from 14% to 11% per annum, according to trading data.
In particular, before the regulator’s decision to cut its key rate was published the dollar exchange rate was 61.45 rubles (+3.57%), while the euro exchange rate equaled 63.7 rubles (+5.07%), according to trading data as of 10:27 am Moscow time. Following the publication of the regulator’s decision as of 10:30 am Moscow time the dollar slowed down growth to 2.28% trading at 60.68 rubles, while the euro was up by 3.67% at 62.85 rubles.
Meanwhile, as of 10:50 am the dollar exchange rate was up by 2.61% compared with the previous closing at 60.88 rubles on Moscow Exchange, while the euro was up by 4.44% at 63.32 rubles.
The MOEX Index was up by 1.69% at 2,379.82 points, while the RTS was down by 0.72% at 1,230.11 points.
The Bank of Russia reduced its key rate by 3 percentage points at an extraordinary meeting of the board of directors earlier on Thursday to 11% per annum. The regulator holds open the prospect of key rate reduction at its upcoming meetings. The next rate review meeting is scheduled for June 10.
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MOSCOW, May 26. /TASS/. The ruble exchange rate strengthened slightly during foreign currency trading on Moscow Exchange on Thursday following the Central Bank’s decision to cut the key rate from 14% to 11% per annum, according to trading data.
In particular, before the regulator’s decision to cut its key rate was published the dollar exchange rate was 61.45 rubles (+3.57%), while the euro exchange rate equaled 63.7 rubles (+5.07%), according to trading data as of 10:27 am Moscow time. Following the publication of the regulator’s decision as of 10:30 am Moscow time the dollar slowed down growth to 2.28% trading at 60.68 rubles, while the euro was up by 3.67% at 62.85 rubles.
Meanwhile, as of 10:50 am the dollar exchange rate was up by 2.61% compared with the previous closing at 60.88 rubles on Moscow Exchange, while the euro was up by 4.44% at 63.32 rubles.
The MOEX Index was up by 1.69% at 2,379.82 points, while the RTS was down by 0.72% at 1,230.11 points.
The Bank of Russia reduced its key rate by 3 percentage points at an extraordinary meeting of the board of directors earlier on Thursday to 11% per annum. The regulator holds open the prospect of key rate reduction at its upcoming meetings. The next rate review meeting is scheduled for June 10.
Source