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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.