Russia Holds Key Interest Rate at 14 Percent
The Russian central bank kept its benchmark interest rate steady at 14 percent amid rising price pressures and ongoing economic challenges. Officials cited inflation risks from higher oil prices and recent supply disruptions following Ukrainian strikes.
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Russia's central bank held its benchmark interest rate at 14% on Friday, balancing inflation pressures ahead of parliamentary elections. The $2.6 trillion economy is projected to grow just above zero in 2026 amid Western sanctions and high borrowing costs. The rate decision matched analyst expectations as policymakers weigh wartime economic strains.
