Russia's central bank has kept its key refinancing rate unchanged at 8.25 percent as the consumer price growth has tended to slow down, the regulator said on Thursday.
"The decision was made following an assessment of inflation risks and risks for sustainable economic growth, including risks posed by the continued uncertainty over foreign market developments. Annual inflation totaled 9.4 percent as of June 27 (9.6 percent in May). Consumer price growth decelerated in June, month-on-month, due to a slower growth and a fall in food prices," the regulator said in a statement.
The current level of interest rates is acceptable for the next few months, the regulator said.
Russia's central bank consistently tightened its monetary policy from late December 2010 to May 2011 amid accelerated consumer price growth and resumption of economic growth.
