The Bank of Russia decided to keep its key interest rate unchanged for the third straight policy session on Friday, but suggested that the policy would be tightened in case of further budget deficit expansion, a fall in the currency exchange rate and the persistent labor shortage that trigger pro-inflation risks.
The Board of Directors of the Bank of Russia decided to retain the key interest rate at 7.50 percent, as widely expected.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.