The central Bank has taken a pause in raising the key rate

The Board of Directors of the Bank of Russia at a meeting on December 20 kept the key rate at 21%, the regulator said in a statement. "According to the Bank of Russia, taking into account the significant increase in interest rates for end borrowers and the cooling of credit activity, the achieved rigidity of monetary conditions creates the necessary prerequisites for the resumption of the disinflation process and the return of inflation to the target, despite the increased current price growth and high domestic demand. The Bank of Russia will assess the expediency of raising the key rate at the next meeting, taking into account the further dynamics of lending and inflation," the statement said. The Central Bank believes that inflationary