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Russia Central Bank Holds Rate Steady, Leaves Door Open For Future Hikes

The Bank of Russia left its key interest rate unchanged for the fifth policy session in a row on Friday, but did not rule out the possibility of a rate hike in future as inflation is rising gradually. ....

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Bank of Russia Working on Alternative Payment System

The Bank of Russia (the Russian Central Bank) is working together with certain foreign countries on a new payment system for Russians, alternative to Mir cards. ....

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