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Russian Ruble Falls a Bit After Bank of Russia Policy Announcement

July 28, 2017 at 13:06 by Vladimir Vyun

Russian 5,000-ruble banknotesThe Russian ruble fell a bit against the US dollar today after the Russian central bank kept its monetary policy unchanged but signaled that it may cut interest rates in the future.

The Bank of Russia kept its main interest rate at 9%. Some of analysts expected such decision, while other expected a cut. The central bank signaled that it may indeed cut rates later:

The Bank of Russia sees room for cutting the key rate in the second half of 2017.

USD/RUB ticked up 0.12% to 59.60 as of 13:04 GMT today.

If you have any questions, comments or opinions regarding the Russian Ruble, feel free to post them using the commentary form below.

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