MOSCOW, November 11. /TASS/. The Bank of Russia does not rule out key rate lifting in December but the decision is not predetermined, Deputy Governor Alexey Zabotkin told reporters.

"The signal for the December meeting given in conclusion of the meeting in October sounds as the Board of Directors [of the Central Bank - TASS] admits the possibility of increasing the rate at the immediately next meeting. Nevertheless, I would like to note this signal does not predetermine the December decision. It will be made on the basis of the economic picture the Board of Directors will see as of mid-December," he said.

October data for inflation and lending rate growth do not differ much from September ones but information for the last two weeks indicates that the lending activity may slow down in November - December and the Central Bank will take them into account if these signals are confirmed, Zabotkin added.