Bank of Russia Holds Key Rate Unchanged for Second Meeting
The Bank of Russia kept its benchmark rate unchanged for a second straight meeting, as widely expected. It has cut the rate by 200 basis points so far this year.
MOSCOW (dpa-AFX) - The Bank of Russia kept its benchmark rate unchanged on Friday, marking the second consecutive meeting without a change. The Board of Directors set the key rate at 14.00 percent, in line with widespread expectations. The bank has cut the rate by 200 basis points so far this year. The board observed…