Ruble Jumps as Central Bank Belies Bets for Dovish Tone: Chart

Russia's Central Bank Keeps Benchmark Rate Unchanged

The ruble staged a rebound after Russian policy makers held interest rates at 11 percent on Friday, saying they’d keep "tight monetary policy for a more prolonged time than previously planned." The currency jumped as much as 0.9 percent to 67.626 per dollar after the decision, also supported by a jump in oil. It could strengthen toward 60.59, according to Piotr Matys, a strategist for emerging-market currencies at Rabobank in London.

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