Russian central bank holds key rate despite inflation pickup
Russia’s central bank left its key interest rate unchanged after a prior sequence of 10 cuts, as Ukraine-related attacks raise risks that inflation stays above target.
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10:57:16 AM UTC
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Russian Central Bank Holds Key Rate Despite Rising Price Pressures — Update
Russia’s central bank on Friday kept its key interest rate unchanged after a sequence of 10 cuts, with Ukraine’s drone strikes on refineries, shipping terminals and e-commerce warehouses seen as a risk to inflation moving further above target.