Russia Unexpectedly Reduces Its Interest Rate

Russia unexpectedly reduced its benchmark rate on Friday.Separately, the difference between the main lending and deposit rates was cut a quarter-point.A cut in the benchmark rate might conversely have no real impact, unless it was accompanied by a downward movement in the lending rate.The European Central Bank said it would lower its key lending rate from 1.25 percent to 1 percent to add liquidity to the economy.Benchmark copper on the London Metal Exchange (LME) was untraded in the closing that a very large number of European banks had applied for the loans.Euro falls vs dollar as ECB lending rally fades * Cancelled warrants seen.Benchmark copper on the London Metal Exchange (LME) was untraded.In a move expected to be followed by other lenders, two top banks have lowered their benchmark lending rates to boost lending and stimulate the country's.Russia unexpectedly reduced its benchmark rate.Separately, the difference between the main lending and deposit rates was cut.By Forrest Jones The Federal Reserve on Tuesday held its key benchmark lending target, the federal-funds rate, at 0.25 percent.Colombia's peso bonds gained the most in seven weeks after the central bank raised its benchmark lending.The real interest rate, or the benchmark interest rate minus the consumer inflation rate, stood at minus 1 percent in November, according to the data.