Russia’s central bank delivered another sharp interest rate hike on Friday, citing crystallizing significant proinflationary risks. The board of directors of the Bank of Russia decided to raise the key rate by 100 basis points to 13.00 percent. The outcome of the meeting widely matched the expectations.
Read Full Story
Latest posts by Top News Editor (see all)
- Dollar Recovers After Early Weakness, Scores Gains Against Some Major Rivals - September 29, 2023
- German Unemployment Rises Less Than Forecast - September 29, 2023
- U.S. Personal Income Increases 0.4% In August, In Line With Estimates - September 29, 2023
