Bank of Russia retains key interest rate for the third time in a row

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Bank of Russia retains key interest rate for the third time in a row

This decision was taken for the third time in a row. It coincided with the forecasts of most analysts, who noted the absence of significant reasons to change monetary policy in one direction or another. As the experts suggested, the regulator pointed to too slow reduction of inflationary pressure and the persistent increase in domestic demand, which exceeds the possibilities of supply. The Bank of Russia acknowledged that the return of price gro…