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https://www.reuters.com/markets/rates-bonds/russian-central-bank-hikes-key-interest-rate-13-2023-09-15/
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Russian c.bank says rates will need to stay high as it hikes to 13% - Reuters
9/15/23 at 1:15pm
Organization
Reuters
Authors
Elena Fabrichnaya
Alexander Marrow
Details
56 words
Summarize
Business & Industrial
Russian
Russia
Reuters
Russia's central bank raised its key interest rate by 100 basis points to 13% on Friday, jacking up the cost of borrowing for the third meeting in succession in response to a weak rouble and other persistent inflationary pressures.
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