Russia Central Bank may hold or hike interest rate this week: reports
2012-10-02 17:45:40
The Russian central bank may hold or raise interest rate at its meeting this week, the bank's Deputy Chairman Alexei Ulyukayev reportedly said Tuesday.
The inflation risk is higher than the risk of economic slowdown, reports said citing Ulyukayev remarks to reporters in Moscow.
In September, Bank Rossii raised the policy rate by a quarter-point with inflation expected to exceed the central bank's target range amid higher food costs.