Kudrin supported the decision of the CBR to keep key rate at 11%

Kudrin supported the decision of the CBR to keep key rate at 11%


Earlier, Russia’s Central Bank decision to leave its key rate unchanged, given the increase in inflationary risks while maintaining the risks of a cooling economy.

MOSCOW, 11 Dec.Prime. Ex-Finance Minister Alexei Kudrin welcomed the decision of the Bank of Russia to keep key rate at 11%.

“The Central Bank has kept its key interest rate to 11%. The weighed decision”, — he wrote in his microblog on Twitter.

Earlier on Friday the regulator decided to leave its key rate unchanged, given the increase in inflationary risks while maintaining the risks of a cooling economy.