The Russian central bank decided on Wednesday to cut the bank's repurchase rate by 25 basis points to 5.25% and raise the deposit rate by 25 basis points to 3.75%, while keeping refinance rate steady at 8.25% in an attempt from the bank to limit interest rate volatility in case of a lack of ruble liquidity in the banking sector, where the bank sees that lowering the gap between rates will help to balance between growth and inflation risks.