Bitcoin is following a record decline in the key rate of the Central Bank of the Russian Federation
Bitcoin rate, despite on the measures of the Central Bank of the Russian Federation, has not changed much, but everything yet can change.
The decline became a record low for the last five years.
In the Central Bank of the Russian Federation all yet are considering the deteriorating economic situation in 2021.
International consortium news organizations, developing transparency standards.
The central bank lowered its key rate by 100 bp to 4.50% per annum. This is a record decline since 2015.
The Bank of Russia announced its decision to lower its key rate by 1% to a record 4.5% per annum. About this the central bank reported on its official website.
According to the official press release, cause a record decline was the strengthening of disinflationary factors against the background of protracted restrictive measures in Russia and in the world.
“There was a significant decline in business activity in the service sector and industry, a decrease in the volume of new orders in the external and internal markets, a drop in investment. Unemployment has increased, and incomes have decreased, retail trade turnover has significantly decreased. “, – noted in a press release.
The risk persists
However, the worsening of the situation, according to The Central Bank of the Russian Federation, it is still possible, therefore the regulator recognizes the risk of a significant drop in inflation down from goals 4% already next year.
However, at the Bank of Russia hope, that the approved rate cut will limit this risk and keep annual inflation at district 4%.
Russian market shares on the background of the decision of the Central Bank of the Russian Federation opened with a significant rise.
At the time of this writing, the Moscow Exchange index is 2767.48 points (+ 1.56%). Leaders growth were DetskyMir (+ 3.45%), LSR jsc (+ 3.16%) and Tatnft 3ao (+ 2.85%).
Together with the rate cut, the rates decreased dollar and euros. The dollar dipped to 69.30 rubles (-0.87%), the euro – to 77.78 rubles (-0.54%).
So, eg, when the Central Bank of the Russian Federation in February once reduced the rate to 6% annual (February 7 2020 year), bitcoin was in a protracted bullish trend and did not deviate much from the weekly price activity.
Then course cryptocurrencies ranged from $ 9700 to $ 9800.
The decision of the Central Bank of the Russian Federation to lower the rate already to 5.5% in April did not greatly affect the price of bitcoin of this of the year.
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