Summaries of the meeting held by the CBRT Monetary Policy Committee on May 21 was announced. The Central Bank Monetary Policy Committee has reduced the one-week repo auction interest rate, which is the policy rate, from 8.75 percent to 8.25 percent, with a 50 basis point reduction. In the summaries of the meetings, besides the measures to limit the outbreak, supply chain and supply-side effects in production, the increase in uncertainties, tightening in financial conditions, […]
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