{"id":31533,"date":"2012-08-10T12:15:00","date_gmt":"2012-08-10T12:15:00","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/08\/russia-keeps-rate-steady-says-inflation-in-target-range\/"},"modified":"2012-08-10T12:15:00","modified_gmt":"2012-08-10T12:15:00","slug":"russia-keeps-rate-steady-says-inflation-in-target-range","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/08\/10\/russia-keeps-rate-steady-says-inflation-in-target-range\/","title":{"rendered":"Russia keeps rate steady, says inflation in target range"},"content":{"rendered":"<p>By Central Bank News<br \/>\n&nbsp; &nbsp; The central bank of Russia kept its key refinancing rate unchanged at 8.0 percent, saying that inflation remains within its target range despite a recent uptick.<br \/>&nbsp; &nbsp; The Bank of Russia said the rise in inflation to an estimated 5.7 percent annual rate by August 6 was due to a planned increase in regulated prices and higher food prices.<br \/>&nbsp; &nbsp; &#8220;The worsening of the food market conditions in Russia and globally as well as the downward revision of this year&#8217;s crop harvest are the important sources of inflation rise, particularly taking into account their influence on inflation expectations,&#8221; the bank said in a statement.<br \/><a name='more'><\/a><br \/>&nbsp; &nbsp; Economic growth remains close to its potential level, the bank said, adding that this implied an absence of demand-pull price pressures and it did not see a higher risk of economic slowdown despite a deceleration in June&#8217;s industrial production.<br \/>&nbsp; &nbsp;&nbsp;Bank of Russia has held its refinancing rate unchanged since cutting it by 25 basis points in December 2011. The bank&#8217;s medium-term target is for an annual rise in consumer prices of 4-5 percent by 2014, down from its current 5-6 percent target.<br \/><span><span>&nbsp; &nbsp;<a href=\"http:\/\/www.centralbanknews.info\/\" target=\"_blank\"> www.CentralBankNews.info<\/a><\/span><\/span><\/p>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-2195983783419959971?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Central Bank News &nbsp; &nbsp; The central bank of Russia kept its key refinancing rate unchanged at 8.0 percent, saying that inflation remains within its target range despite a recent uptick.&nbsp; &nbsp; The Bank of Russia said the rise in inflation to an estimated 5.7 percent annual rate by August 6 was due to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/08\/10\/russia-keeps-rate-steady-says-inflation-in-target-range\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Russia keeps rate steady, says inflation in target range&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-31533","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=31533"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31533\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=31533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=31533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=31533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}