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Dow Jones Newswires: Russia’s central bank leaves rate unchanged, warns on wages


Russia’s central bank left its key interest rate unchanged for the second straight policy meeting in December, but warned that the partial mobilization of additional soldiers for the conflict in Ukraine was creating labor shortages and could drive inflation higher.

The Bank of Russia Friday left its key interest at 7.5%. That pause followed a series of rate cuts that more than reversed a doubling of the key rate in the immediate aftermath of Russia’s February invasion of Ukraine.


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