Russia: Bank Rossii maintains rates

At its 13 December meeting, Bank Rossii left the one-week repo rate unchanged at 5.50% as market analysts had expected. The decision came amid a broadly-unchanged outlook for the country’s economy. According to the Central Bank, recent indicators suggest that economic growth remains low. The Bank believes that it will remain low in the medium term due to subdued investment and sluggish external demand.

Read more about Russian Monetary Policy.

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