"Devaluation effect": why Central bank Russian Federation (Bank Russia) sharply raised a rate

Moscow, 21 Jul — Federal state unitary enterprise RAMI "RIA Novosti", Dembinskaya Natalia. Central bank Russian Federation (Bank Russia) increased a key rate at once on 100 basic points, to 8,5 annual interest rates. For it did not wait: the majority of analysts predicted moderate increase — on 50 bps. The regulator referred to rates of inflation and weakening of ruble. About consequences of the decision Central bank Russian Federation (Bank Russia) — in material Federal state unitary enterprise RAMI "RIA Novosti". Surprise for the market the Monetary policy toughened for the first time since September of last year. The consensus forecast of experts assumed only 0,5 percent. But in Central bank Russian Federation (Bank Russia) considered inflation acceleration in June and the first half of July. Besides, notes the regulator, increase...