Central Bank of Russia keeps refi rate on hold, raises deposit rates

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Central Bank of Russia keeps refi rate on hold, raises deposit rates

MOSCOW. Dec 10 (Interfax) - Directors at the Central Bank of Russia on December 10 decided to keep the key refinancing rate at 8.25% but to raise fixed-term deposit operations by 0.25 percentage points and reduce the interest rate on the ruble leg of the Bank of Russia FX swap transactions by 0.25 pp effective December 11, the Central Bank said in a statement.