The Central Bank of Russia leaves its rates unchanged, seeing only a modest risk from volatility in crude oil prices. The economic risk from the volatility in crude oil prices is only moderate, the Central Bank of Russia said Friday after leaving its key lending rate unchanged. The Central Bank of Russia maintained its key rate at 7.25 percent per year, one day after the European Central Bank took a similar position. The U.S. Federal Reserve this week raised its rate, pointing to signs of economic momentum in the world’s largest economy. Russia is one of the world’s largest oil and gas producers and party to an OPEC-led effort to stabilize the energy market. The bank, in its statement on justifying the rate move, said it wasn’t concerned about volatility. “The Bank of Russia leaves mostly unchanged its estimates of risks […]