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Russian central bank holds key rate steady ahead of election
In a recent decision, Russia's central bank opted to hold the benchmark interest rate at fourteen percent. Economic challenges have intensified due to heightened price pressures. Furthermore, Ukrainian drone attacks on oil refineries have resulted in fuel scarcity and price hikes. Positive news came from a reduction in the budget deficit, supported by dividend influxes and soaring oil prices.
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tass.com
Bank of Russia may keep key rate at 14% at its next meeting — consensus forecast
According to Olga Belenkaya, head of macroeconomic analysis at Finam Financial Group, factors supporting a pause include the fuel situation, persistently high inflation…
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CBR Board of Directors to hold monetary policy meeting
Most of the experts expect the benchmark interest rate to remain at 14%
