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Russian Central Bank Seen Ignoring Inflation on Rate Move

Russia’s central bank will probably play down pressure from ruble losses and the fastest inflation reading in three years and keep rates on hold this month, according to economists from London to Moscow.

With the economy flirting with recession, a further shock to the currency, the worst performing in the world last quarter, may be the only thing that could force policy makers to raise the benchmark interest rate from 8 percent at their Oct. 31 meeting, banks including VTB Capital, ING Groep NV, JPMorgan Chase & Co. and Renaissance Capital said.