The Bank of Russia left its key interest rate unchanged again on Friday but the forward guidance turned hawkish in the face of rising inflationary pressures.
The Board of Directors of the Bank of Russia, led by Governor Elvira Nabiullina, decided to retain the key interest rate at 7.50 percent.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.