Russian central bank hikes benchmark rate to 21%, highest since 2003
Russia's central bank hiked its key interest rate by 200 basis points on Friday to 21%, the highest level since the early years of President Vladimir Putin's rule, when Russia was recovering from the chaos that followed the collapse of the Soviet Union.
Russia's Central Bank Raises Interest Rate to 21% to Fight Inflation Boosted by Military Spending
Russia’s central bank has raised its key interest rate by two percentage points to a record-high 21% in an effort to combat growing inflation as government spending on the military strains the economy
Russia Hikes Interest Rate By 200 Bps; Signals Another Hike
Russia's central bank raised its benchmark rate by larger-than-expected 200 basis points and also hinted at another hike next month
Russia Raises Key Rate to Record 21% as Inflation Persists
The Bank of Russia hiked its key rate to a record high, surpassing the level it imposed after President Vladimir Putin ordered the invasion of Ukraine, as policymakers grapple with persistent price growth.
Russian central bank hikes interest rate to record-high 21%, to fight inflation fueled by military spending
Russian central bank hikes interest rate to record-high 21%, to fight inflation fueled by military spending.
Russia’s Central Bank Lifts Key Interest Rate to Post-Invasion High
The Bank of Russia lifted borrowing costs to the highest level since the invasion of Ukraine as it struggles to cool an overheating economy.
Russia's central bank hikes interest rate to 21% to fight stubborn inflation
The Russian central bank raised its key interest rate to 21% on Friday. Inflation in Russia hit 8.6% year-on-year in September, well above the central bank's 4% target. It has largely been driven by heavy defense spending amid the ongoing war in Ukraine.
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