Economics
Russia May End 6-Month Monetary Tightening on Prices, Crisis
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Russia’s central bank may refrain from monetary tightening for the first time since November as inflation slows and Europe’s debt crisis threatens to sap a rebound in global economic growth.
Bank Rossii will hold its refinancing rate at 8.25 percent at a policy meeting today after two increases this year, according to 18 of 19 economists in a Bloomberg News survey. The overnight auction-based repurchase rate will be kept at 5.5 percent while the overnight deposit rate will remain at 3.5 percent and reserve ratios will be unchanged, according to three separate surveys.