Russia’s Central Bank sees mid-term risk from oil prices
Daniel J. Graeber United Press International MOSCOW (UPI) -- Crude oil prices are lower than expected following a decision to extend an OPEC-led production deal, presenting a risk to growth, Russia's Central Bank said. Contrasting a decision from the U.S. Federal Reserve this week to raise its rates, Russia's Central Bank said Friday it was cutting its key rate to 9 percent annually. "Mid-term risks remain elevated," the bank's press secretary said in a statement. "First, they are connected with the […]
