The Russian Central Bank has raised the key rate from 7.5% to 8% as a result of inflation risks, slower growth of consumer prices in July 2014 than expected, geopolitical tensions, changes in the tax and tariff policy, RIA Novosti reports.The Bank warned that current tendencies may speed up inflation.The rate will be implemented on July 28.
The Russian Central Bank has raised the key rate from 7.5% to 8% as a result of inflation risks, slower growth of consumer prices in July 2014 than expected, geopolitical tensions, changes in the tax and tariff policy, RIA Novosti reports.
The Bank warned that current tendencies may speed up inflation.
The rate will be implemented on July 28.
