http://www.bloomberg.com/news/2012-09-13/russian-central-bank-unexpectedly-raises-refinancing-rate.html
Moscow's central bank raised all rates...by 25 bps...after inflation exceeded the target rate...between 5-6%.
It was the first rate increase in 16 months.
The refinancing rate is now 8.25%.
Most major central banks are lowering rates to spur growth.
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