Russia May Hold Rates as Ruble Gains, Higher Ratios Tame Prices
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Russia’s central bank may leave its main interest rates unchanged today, allowing a stronger ruble to tame price growth and relying on higher reserve requirements to lock up cash.
Bank Rossii will hold the refinancing rate at 8 percent after keeping it unchanged last month, according to 15 of 20 economists in a Bloomberg survey. The deposit and overnight auction-based repurchase rates will be left at 3 percent and