Russian inflation to continue rising due to base effect, central bank says -Breaking
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© Reuters. FILEPHOTO: The Central Bank’s Moscow headquarters is covered by a Russian state flag on March 29th, 2021. The sign says “Bank of Russia”. REUTERS/Maxim Shemetov/(Reuters) – Annual inflation will rise because of the base effect. The Russian central bank stated Friday that the tightening monetary conditions will keep pro-inflationary risk at bay.
Friday saw the central bank decide to reduce its key rate by 300 basis point to 17% beginning April 11.
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