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Bank of Russia raised its key interest rate from 8.0% to 9.5%

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31.10.2014
The Board of directors of the Bank of Russia has decided to raise its key interest rate (the rate of weekly REPO) from 8.0% to 9.5%. Also, the Bank of Russia raised the rates on other instruments providing liquidity to banks: the rates on continuous operations (at fixed interest rates) were increased from 9.0% to 10.5%, on 3-month auctions for loans secured by non-marketable assets - from 8.25% to 9.75%, on deposit operations – from 7.0% to 8.5%.
An accompanying statement of the regulator is available on the website of the Bank of Russia.
The next meeting of the Board of directors of the Central Bank of Russia on the issues of monetary policy is scheduled for December 11.
Bank of Russia

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