Turkey keeps policy rate constant at 50%
6 hours ago
After Russia slashed its amount of hard currency reserves invested into US T-bills, the trend reversed last year. Russian investment into the US security was up by $6.1bn to $92.1bn in December 2015 compared with $86bn in the same month a year earlier, reports TASS, referring to the December report of the US Treasury.
The government in Moscow cut its exposure to US T-bills at the end of 2014 when total invested fell from $108.1bn in November 2014 to $86bn the next month and stayed at this level until May when the amount invested began to rise again.
Russia is the 15th largest holder of US securities, with China in first place ($1.246 trillion) and Japan in second ($1.122 trillion) as of December last year, out of a total of $6.165 trillion in outstanding bonds.
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Turkey keeps policy rate constant at 50%
Central bank is, notably, no longer talking about building up its reserves in parallel with so-called monetary framework simplification policy.
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