Bank of Russia Holds Key Rate at 14%, Signals Modest Further Decline
The central bank left its key rate unchanged for a second straight meeting and signaled only a slight decline in borrowing costs next year, with inflation expected to remain stubbornly high.
Russia’s central bank kept its key interest rate at 14% on Friday, marking a second consecutive meeting without a change. It indicated that borrowing costs may fall only slightly next year, with inflation expected to remain stubbornly high.