Seeking Alpha

The Bank of Russia surprises consensus of steady policy with a 25 basis point hike in its...

The Bank of Russia surprises consensus of steady policy with a 25 basis point hike in its benchmark rate to 5.5%. The bank notes the 6.3% rate of inflation is above the 2012 target range, and may be set to go higher. Not mentioned in the statement, the bank must surely be aware of the boon to economic growth coming from high oil prices.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector