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 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.