The Bank of Russia said Friday it would keep key interest rates unchanged, but said future momentum may depend on global energy prices. The bank’s Board of Directors said it was keeping the key rate at 11 percent annually because of higher inflationary risks and “persistent risks of considerable economy cooling.” The Russian economy teetered on the brink of recession when entering fiscal year 2015. The Russian currency, the ruble, has been pressured by a weak economy in general and sanctions targeting the Russian energy sector. “The depreciated ruble will continue to put pressure on prices in the next few months,” the bank said. Russian oil company Rosneft reported second-quarter profits at $1.99 billion, about 22 percent lower than the same period last year. The […]