Central Bank of Russia Keeps Refi Rate at 8.25%

The Central Bank of Russia held its benchmark refinancing rate steady at 8.25%, but cut the overnight auction-based repurchase rate by 25 basis points to 5.25% and raised the fixed overnight deposit rate by 25 basis points to 3.75%. The Bank said: "The decision was supported by the assessment of inflation risks and risks to the sustainability of economic growth, including those associated...