 |
|
||
|
|||
|
|||
|
|
||
|
|
|
|
|||||
|
||||||||
|
|
|
Bank of Russia must cut discount rate, experts say
RBC, 08.10.2008, Moscow 18:40:31.The Bank of Russia must follow the example of foreign central banks and reduce its discount rate, experts say. The concerted efforts of European central banks will doubtlessly have a positive effect on the Russian market, analysts believe, as the real economy will be able to secure more loans. Experts point out that a reduction in discount rates will boost liquidity in the global economy. The move is likely to prevent panic in the banking system and on the financial markets, analysts note. At the same time, however, some experts maintain that discount rate cuts by central banks will only have a short-term effect. Analysts expect the Russian stock market either to rise or consolidate over the next few weeks. However, new bankruptcies of Western banks could occur in the next two weeks, experts warn.
|
|||||||||||||||||||||||||||||||||||
