Bank of Russia holds rates
Inflation ticks up as central bank updates forecast again
The Bank of Russia held rates at its monetary policy meeting today (February 14).
The policy rate remains at a record high of 21%, and the central bank said it might raise it again at its next meeting. It hiked rates by a total of 300 basis points in September and October, but has kept them steady since.
In Q4 2024, seasonally adjusted price growth averaged 12.1% on annual terms – a 0.8 percentage point increase on Q3, the bank said in its statement. It added that core inflation had increased from
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