Russian Ruble Climbs Against U.S. Dollar After Russia Rate Decision
April 27 2018 - 2:23AM
RTTF2
The Russian Ruble advanced against the U.S. dollar in the
European session on Friday, after Russia's central bank decided to
leave its key interest rate unchanged as the bank judged that the
potential for key rate reduction to shape neutral monetary
conditions shrank somewhat.
The Board of Directors of the Bank of Russia said they
maintained the key rate at 7.25 percent. The bank had lowered its
rate by 25 basis points each in March and February.
The bank assumed that monetary policy will become neutral in
2018.
The Russian ruble rose to 62.24 against the greenback, from a
low of 62.79 seen at 3:45 am ET. On the upside, 60.00 is likely
seen as the next resistance for the Russian Ruble.
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