Russian Central Bank to Hold Rates Steady

The Central Bank of Russia is expected to maintain interest rates unchanged on Friday, according to a Reuters poll on Monday.

The majority of participating analysts, 25 out of 29 believe the main rate will be kept unchanged at 4.25%.

In September, the Russian Central Bank kept the key interest rate at 4.25%, suspending its monetary easing cycle in light of the growing risks of imposing new sanctions on Moscow, but hinted that cutting interest rates is still possible later this year.