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Central Bank kept its tactics and carefully lowered rates by 25 basis points, as market participants had expected, prompting non-aggressive sale of bonds and the Russian currency.
Board of Directors of Bank of Russia on Friday decided to reduce from 29 March 2010 benchmark interest rates to historic lows: the refinancing rate - to 8.25 percent, the minimum repo rate - up 5.5 per cent.
Nat Lawyer
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