Russia Holds Rates First Time This Year After Ruble Plunge

Updated on
  • Ruble's 45% drop against dollar is stoking inflation in Russia
  • Central bank looks past recession amid ruble, inflation risks

Russia’s central bank left interest rates unchanged for the first time this year after the ruble’s crash deepened with slumping oil prices, arresting an easing cycle that’s so far failed to reverse the nation’s first recession since 2009.

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