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Today, on July 27th, this year's fourth meeting of the Bank of Russia on monetary policy will be held, on which a decision will be made concerning the key rate. Since March 23rd, after a decrease of 25 basis points, the key rate is at the level of 7.25% per annum. The market sees no objective reasons for any changes. Most analysts surveyed by Cbonds state that the regulation institution will prefer to keep the rate at the same level.