Central Bank keeps rate at 11%

2 November 2015 (09:26)

UrBC, Moscow, November 2, 2015. The Russian Central Bank’s Board of Directors voted to keep the key interest rate at 11% a year on October 30, 2015, the bank’s website states.

‘The Bank of Russia’s BOD decided on October 30, 2015 to keep the key interest rate at 11%, as considerable inflation risks still hold and there have been no significant changes in the inflation risks/economic slowdown risks ratio. Given this decision, moderately rigid monetary factors and weakened domestic demand will keep on contributing to bringing the inflation rate down,’ the website states.

The BOD’s next meeting on the key rate has been set for December 11, 2015.

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