Russian Central Bank to consider key rate level

The Board of Directors of the Russian Central Bank will consider the question of the key interest rate. The decision will be known at 13.30 (MSK).

The last meeting of the Board of Directors of the Russian Central Bank in 2015 is scheduled for December 11.

The Central Bank of Russia raised its key rate from 10.5 to 17% against the backdrop of a sharp weakening of the ruble on December 16th, 2014. But it has decided to maintain its key rate at 11% on September 11th.