Russian refinancing rate remains unchanged

Russian refinancing rate remains unchanged

 

The Russian Bank has left the refinancing rate unchanged at 8%, RBC reports.

Problems at food markets and agriculture are not a major source of inflation risks. Reduction of industrial growth rate in June is not a risk for slower economic development.

The next sessions of the bank’s board will be held in the first half of September 2012.

The refinancing rate was changed on December 26, 2011, dropping by 0.25% to 8%.

 

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