Market Currents
Russia's central bank holds policy steady, its benchmark rate at 6.25%. Even with inflation...
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Friday, February 3, 2012, 12:42 PM ETRussia's central bank holds policy steady, its benchmark rate at 6.25%. Even with inflation running at a post-Soviet low of 4.1%, the bank's statement has a hawkish tint. At least some of the recent improvement in inflation numbers is from the delay of utility bill hikes until after the Presidential election. Russian ETF: RSX +19% YTD. The ruble: FXRU +6% YTD. (PR)
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