Demise by a thousand cuts: China’s yuan-priced crude benchmark chips away at petrodollar
Posted On Monday, April 16, 2018 By Russian Opinion. Under Economy Tags: away, benchmark, China's, chips, crude, cuts, death, petrodollar, thousand, yuanpriced
China lastly launched final month its yuan-denominated crude oil futures which were within the works for years, after a number of delays. Learn Extra at mysouth.su
December 13, the fed left the benchmark interest rate to 1.25% and 1.5%. This is the tenth year in a row the rate of increase in Mexico and a fifth place in 2017.
The European Central Bank (ECB) left its base rate of zero. The decision was taken following the meeting of the Board of management ECB, reported on the website of the financial regulator.
The Federal reserve system (FRS) that perform the functions of the Central Bank has its benchmark interest rate at 0.5 and 0.75%. It is stated in the statement of financial regulator after the meeting of its leadership.
Director of the Institute of the Ministry of Finance Financial Vladimir Nazarov believes that the policy of the Central Bank, adequate and predictable. In his opinion, the economic situation at the time lowered its key interest rate.
