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Russia's central bank kept the interest rate unchanged for the third time in a row, in line with expectations.
The Bank's monetary policy statement revealed Friday that the interest rate director of Russia
Russia keeps interest rates unchanged over the past three monetary policy meetings this year.
The Central Bank of Russia attributed its decision to the lingering uncertainty about the impact of fiscal measures on inflation expectations, External Economic Situation.
It was necessary to pursue monetary policies to stabilize the range of side effects and stabilize annual inflation by almost 4%.
The Bank said the risk balance supported inflation, which means that Russia's central monetary policy should take a neutral stance next year. The stabilization follows six-year interest rate cuts following a 4% drop in inflation in the country, with a one-off fall in 2018, which was observed at the meeting from February.
The Russian ruble rose more than 0.1% against the dollar, the US paper to 62.8 rubles.
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