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Russia’s Central Bank starts probe into info leak on key rate decision

Russian daily Izvestia reported earlier on Friday that the Central Bank would keep its key rate unchanged before the regulator published its press release

© Vyacheslav Prokofiyev/TASS

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Consensus forecast: Russian Central Bank not to rescue ruble by raising key rate

MOSCOW, September 11. /TASS/. The Russian Central Bank has launched a probe into leaked information on the regulator’s key rate decision, Central Bank Chief Elvira Nabiullina said on Friday.

‘We have started an investigation procedure and I want to note that we’ll address this issue very seriously. I would like to remind you that the use of insider information and market manipulation are criminally punished offences," she told journalists.

Russian daily Izvestia reported earlier on Friday before the regulator published its press release that the Central Bank would keep its key rate unchanged.

The newspaper referred to lawmaker Yevgeny Fyodorov who said he had received the information from a member of the Central Bank’s board of directors.

The regulator’s board of directors took a decision on Friday to keep the benchmark rate unchanged at 11%.

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