bne — Russian central bank holds key interest rate at 11%

The Central Bank of Russia (CBR) at its March 18 board meeting kept the key interest unchanged at 11%, extending the pause in monetary easing and slightly moderating its hawkish stance on inflationary risks.…

Despite acknowledging the drop inflation and recent rise in oil prices and ruble, the CBR noted that it will continue to pursue a "moderately tight monetary policy for a more prolonged time than previously planned".… 

bne IntelliNews
Russian central bank holds key interest rate at 11%