Monthly Archives: April 2017

Bank of Russia decided to reduce the key rate at 9.25%

On 28 April 2017, the Bank of Russia Board of Directors decided to reducethe key rate to 9.25% per annum (9.75% previous). The Board notes that inflation is moving towards the target, inflation expectations are still declining and economic activity is recovering. At the same time, inflation risks remain in place. Given the moderately tight monetary policy, the 4% inflation target will be achieved before the end of 2017 and will be maintained

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Global stock markets cap reached $50 Trillion, the highest level in history

According to the MSCI World Index, global market cap hits on Tuesday April 25. 2017 a $50 Trillion for the first time ever. The MSCI index is a broad global equity benchmark that represents large and mid-cap equity performance across 23 developed markets countries. It covers approximately 85% of the free float-adjusted market capitalization in each country and MSCI World benchmark

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Reserve Bank of Australia on hold with rates

As expected, the RBA hold key interest rates at 1.5%. Here is the RBA Governor Lowe’s statement, full text: At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Conditions in the global economy have improved over recent months. Both global trade and industrial production have picked up. Labour markets have tightened in many countries. Above-trend

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