The CBR kept the key rate at 11%

Moscow. December 11. The Bank of Russia kept its key rate unchanged at 11%. The regulator promised again as the slowing of inflation to resume lowering the rates on one of the next meetings.

According to the CBR, as of 7 December, inflation in Russia in annual terms amounted to 14.8%, the Central Bank expects the slowdown to 6% by the end of 2016.