Moscow, Sep 13 Russia's central bank has increased its key interest rate from 18 per cent to 19 percent in an effort to curb inflation, the bank said in a statement on Friday.
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The central bank said that further monetary tightening is needed to bring inflation down from the current 9.1 per cent to the target of 4 per cent by 2025, Xinhua news agency reported.
The bank raised the key rate in July from 16 percent to 18 per cent.
--IANS
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