The Bank of Russia has taken a pause in raising the key rate, though a long period of tough monetary policy will be required to bring inflation back to the target MOSCOW, December 20. /TASS/. The decisions taken by the Bank of Russia will ensure a decline in inflation in the country in coming quarters, Central Bank Governor Elvira Nabiullina said at a press conference following the meeting of the regulator’s board of directors. Earlier, the Bank of Russia kept the key rate at 21% per annum.

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