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View Full Version : Russia Says No Need to Cut Rates as Inflation Slows to 4.7% - Bloomberg



NewsWhore
01-26-2012, 06:30 AM
Russia Says No Need to Cut Rates as Inflation Slows to 4.7% (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNG1p3SgamqVorEkCawsVEtKteNvUg&url=http://www.bloomberg.com/news/2012-01-26/russia-says-no-need-to-cut-rates-as-inflation-slows-to-4-7-.html)
Bloomberg
Bank Rossii had said the currency's depreciation might spur inflation in late 2011 as imports became more expensive. “We don't entirely understand what will be the effect of the weakening of the ruble that took place in the fall,” Ulyukayev said.

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