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Contrary to expectations... The Russian Central Bank raises the interest rate by 1%
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Mubasher: On Friday, the Russian Central Bank raised its key interest rate by 100 basis points to 19%, contrary to expectations of its stabilization, in light of continued price increases. The bank said in its monetary policy statement that there is a possibility of raising interest again during its meeting...
The Central Bank of Russia increased the interest rate to 19% on Friday, September 13 (23 Shahrivar) in the midst of this country's continuous invasion of Ukraine. This financial institution warned that the inflation rate in Russia is very high and should subside.
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