Russia hiked interest rates to 21 percent on Friday, taking borrowing costs to their highest level in more than 20 years amid surging inflation. "Further
Russia hiked interest rates to 21 percent on Friday, taking borrowing costs to their highest level in more than 20 years amid surging inflation. “Further tightening of monetary policy is required to ensure the return of inflation to the target and reduce inflation expectations,” the bank said in a statement.
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