Central Bank of Russia keeps policy steady for 2nd straight month

By FXStreet FXStreet (Mumbai) – For the second month in a row, the Central Bank of Russia (CBR) decided to leave the interest rates unchanged at its monetary policy meeting on Friday.

The central bank Governor Elvira Nabiullina kept rates-on hold at 11%, despite its ongoing fight to counter rising price pressures, which stand close to 13-year highs at 15.7% (Sept figures).

Meanwhile, the rouble remains on the bids following the rate decision, sending USD/RUB -0.34% lower at 63.97 levels.
For more information, read our latest forex news. …read more

Source:: FX Street