Bank of Russia Maintains Key Rates at 21%

In a decisive move to combat inflation, the Bank of Russia announced on Friday its decision to keep the key interest rates unchanged at 21%. This decision underscores the bank's commitment to applying stringent monetary policies aimed at achieving the inflation target of 4% by 2026.

Strategic Monetary Tightening Continues

The central bank's strategy involves maintaining tight monetary conditions to ensure inflation gradually decreases to the desired level. This approach reflects a careful balance between fostering economic growth and controlling inflationary pressures.

More updates and detailed analysis will follow as the situation develops.