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Russia holds key interest rate at 4.25%, drops future cut possibility

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Russia holds key interest rate at 4.25%, drops future cut possibility

timestampFeb 14, 2021 authorAlShorts Web Desk

Bank of Russia held its key interest rate at a record low of 4.25% following a recent jump in inflation. Interest rates were kept on hold for a fourth straight policy meeting. The move suggested that further monetary policy easing could be off the table due to higher inflation. The central bank has predicted that inflation will reach peak this or next month.

Latest News

India's active COVID-19 caseload at 541-day low

Global COVID-19 caseload nears 261 million mark

WHO names new COVID-19 strain 'Omicron'

Instagram head agrees to testify amid probe on app's effect on youngsters

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