News out a short while ago while I was making the Eurozone posts look pretty
- minimal rate on 1 week repo will be Libor +2 percentage points
- minimal rate on 28 day repo will be Libor +2.25 percentage points
I posted the original announcement yesterday and it was first mooted on Oct 2nd but we now have the detail.All part of their attempt to stabilise the beleagured rouble
The central bank meets on Oct 31 and is expected to raise interest rates in another defence attempt
