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Russia Leaves Rates Unchanged on Inflation, Global Economy

Russia’s central bank left interest rates unchanged, refraining from monetary tightening for the first time since November as inflation slows and Europe’s debt crisis threatens to sap a rebound in global growth.

Bank Rossii held its refinancing rate at 8.25 percent after two increases this year, the Moscow-based bank said today on its website. That matched the forecasts of 18 of 19 economists in a Bloomberg News survey. The bank left the overnight auction-based repurchase rate and the overnight deposit rate unchanged at 5.5 percent and 3.5 percent and didn’t alter reserve ratios.