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The Economic Times

Business / The Economic Times

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Russian central bank holds key rate steady ahead of election

In a recent decision, Russia's central bank opted to hold the benchmark interest rate at fourteen percent. Economic challenges have intensified due to heightened price pressures. Furthermore, Ukrainian drone attacks on oil refineries have resulted in fuel scarcity and price hikes. Positive news came from a reduction in the budget deficit, supported by dividend influxes and soaring oil prices.

11 Sep 2026 5:21 pm