Russia's central bank left its key interest rate unchanged on Friday, after raising it sharply at the end of February as the rouble weakened significantly following the invasion of Ukraine.
The Board of Directors of Bank of Russia decided to keep the benchmark rate at 20.00 percent, as widely expected.
The central bank had hiked its interest rate sharply to 20.00 percent from 9.50 percent on February 28. The bank said the decision helped to sustain financial stability and prevented uncontrolled price rises.
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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.