As Inflation Slows, Central Bank Doesn’t Touch Rates

The Central Bank left interest rates unchanged, refraining from monetary tightening for the first time since November as inflation slows and Europe’s debt crisis threatens to sap a rebound in global growth. The bank held its refinancing rate at 8.25 percent after two increases this year, the Moscow-based bank said Thursday on its web site. That’s in line with the forecasts of 18 of 19 economists in a Bloomberg News […]