Russia holds interest rate as indicators stabilise
The Bank of Russia's board of directors held its benchmark interest rate at 8.25% today (November 9), following a marginal fall in annual inflation, from 6.6% in September down to 6.4% at the end of October.
The board said the recent growth in the inflation rate – which had fallen to less than 4% in the first half of 2012 – was still an important source of inflation risk, particularly considering its influence on the expectations of economic agents.
Macroeconomic indicators pointed to a certain
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