Russian central bank raises key rate to 7.50%

rise due to weak rouble and high inflationary risks. does not plan on cutting rates in coming months. rate hike designed to keep inflation to maximum of 6% in 2014. economic growth will continue to slow in 2014. raises rate on fx swaps to 8.5% from 8.0%. weakening rouble will have limited impac…

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Russian central bank raises key rate to 7.50%