Russia's central bank holds policy steady, its benchmark rate at 6.25%. Even with inflation...

|By:, SA News Editor

Russia'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)