Russia’s central bank on Friday held its key interest rate at 7.5% for a second consecutive meeting, but noted that inflationary risks are rising. The Bank of Russia has cut rates six times so far this year. The key rate was held steady at 7.5% in October, following a September reduction of 50 basis points, down from 8% prior. The Bank of Russia last raised rates in late February, following Moscow’s invasion of Ukraine — taking the key rate from 9.5% to 20% at the time. In its statement of Friday, the Bank said consumer prices are currently growing at a “moderate rate,” while consumer demand is “subdued.” “Inflation ... (full story)