Russia’s central bank on Friday raised its key interest rate from 13 percent to 15 percent as it warned inflation was rising across the Russian economy. “Current inflation pressure has increased significantly and is exceeding the Bank of Russia’s expectations,” the central bank said in a statement announcing the rate rise.
Russia’s central bank on Friday raised its key interest rate from 13 percent to 15 percent as it warned inflation was rising across the Russian economy. “Current inflation pressure has increased significantly and is exceeding the Bank of Russia’s expectations,” the central bank said in a statement announcing the rate rise.
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