OREANDA-NEWS. February 02, 2011. Bank of Russia sees the potential for the benchmark interest rate growth, CBR first VP, Alexei Ulyukaev said at a press conference February 1.

“Potential rate hikes for the benchmark interest rate do exist”, he said and added Bank of Russia was aware of the existing inflationary risks and would use all the available instruments, i.e. interest rates and reserve requirements, to hedge inflation.