Russian central bank leaves key interest rate on hold

December 11, 2015 10:40 AM

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MOSCOW Dec 11 Russia's central bank left its main interest rate on hold at 11 percent on Friday, saying it recognised growing inflation risks and that risks of economic cooling remained.

"As inflation slows down in line with the forecast and on condition inflation risks recede, the Bank of Russia will continue with a downward revision of its key rate, to be decided at one of its forthcoming Board of Directors meetings," the bank said in a statement on its website.

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