CBR not now planning further narrowing of interest rate corridor - Ignatyev
MOSCOW. Dec 19 (Interfax) - The Central Bank of Russia (CBR) is not at this point planning any further narrowing of the interest rate corridor for its operations in providing and absorbing liquidity, Central Bank of Russia Chairman Sergei Ignatyev told the press on Wednesday.
"We are not planning any further narrowing now," he said.
The CBR's board of directors agreed to raise the deposit rate for operations under fixed terms by 0.25 of a percentage point to 4.5% as of December 11 while reducing the rate for the ruble section of forex swaps by 0.25 p.p. to 6.5%. At the same time, rates for other CBR operations and the refinancing rate were kept unchanged.
The next meeting of the CBR board, which will review money-credit policy, should take place in the first half of January 2013
