Economics
Russia Set to Forgo Rate Cuts to Safeguard Record-Low Inflation
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Russia’s central bank will probably refrain from cutting interest rates for a fifth month, signaling determination to hold inflation at a record low.
Bank Rossii will leave the refinancing rate at 8 percent when it meets today, according to all 15 economists in a Bloomberg News survey. The overnight auction-based repurchase rate will stay at 5.25 percent and the overnight deposit rate will remain at 4 percent, two separate surveys showed.