Central bank in Russia resists to cut interest rates

Note: This section contains information in English only.
Source: Bloomberg
Bank Rossi, the Central bank of Russia, most probably will keep the key interest rates unchanged at 8.25% level in tomorrow's meeting, according economists' consensus. The central bank resists authority pressure to help President's plan to steer an economic growth of all state institutions. Surging inflation, which reached the fastest pace in one and a half year, is the key factor of keeping the rate in such high.
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