Russia central bank keeps main interest rate unchanged
Moscow - AFP
The Russian central bank on Tuesday decided to keep its main refinancing rate unchanged at 8.25 percent, resisting pressure from some policymakers for a quick rate cut to boost economic activity. But in a statement accompanying its decision, the Bank Rossii appeared to leave the door open for a cut in the future by saying inflation, currently high at 7.2 percent, should return to within its target range in the second half of the year.
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