Russia’s Central Bank kept its key interest rate at 14% on Friday, saying that rising fuel costs, driven by Ukrainian drone attacks on oil refineries, and a “temporary reduction in production capacities” are making it difficult to tame inflation.

According to Olga Belenkaya, head of macroeconomic analysis at Finam Financial Group, factors supporting a pause include the fuel situation, persistently high inflation…

Most of the experts expect the benchmark interest rate to remain at 14%

Bank of Russia holds interest rate at 14.00%. No change to key rate after September meeting at 99.9% YES.