Russia Sees Rates Steady for Months After Emergency Increase
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Russia’s central bank said borrowing costs will remain unchanged in the coming months after what it called a temporary interest-rate increase last week.
Bank Rossii in Moscow held its one-week auction rate, the benchmark introduced in September, at 7 percent today, according to a website statement. That matched the forecast of 23 of 24 economists in a Bloomberg survey. One analyst predicted a cut to 6.5 percent.