Russia's central bank on Friday retained its key interest rates, but reduced rates on currency swap transactions to improve ruble liquidity on the interbank market.
Bank Rossii maintained the benchmark refinancing rate at 8 percent as expected by economists. The fixed one-day repo rate was left unchanged at 6.25 percent and overnight deposit rate at 4 percent.
The rate on dollar-ruble swap deals will be lowered to 6.5 percent from 8 percent, with effect from June 18, the bank said.
Given the current domestic and external macroeconomic trends, the current level of money market rates is seen as appropriate for the coming months, the central bank said in a statement.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.