CB raises refinancing rate by 25 b.p effective Feb 28, obligatory reserve norms increase effective Mar 1

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CB raises refinancing rate by 25 b.p effective Feb 28, obligatory reserve norms increase effective Mar 1

MOSCOW. Feb 25 (Interfax) - The Central Bank of Russia's board of directors decided on February 25 to raise the refinancing and interest rate on separate operations by 0.25 of a percentage point effective Feb 28, as well as boost obligatory reserve norms starting March 1, 2011, the CB said in an announcement released on Friday.