The Ministry of Economic Development warned against the consequences of maintaining a high interest rate of the central bank over time.

The Ministry of Economic Development warned against the consequences of maintaining a high interest rate of the central bank over time.

The Bank of Russia's decision to keep interest rates at 14 percent reflects the current balance of risks, but long-term maintenance of expensive loans could curb investment and the economy, the Ministry of Economic Development said. "The Bank of Russia's decision was expected and reflects the current balance of risks and opportunities in the economy," the department noted.