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Russia central bank hikes interest rates to 20% from 9.5% to bolster ruble

Summary by Ground News
Trading on the forex market was delayed for three hours this morning. On the interbank market the ruble was trading down around 30 percent at a new record low. The central bank said it had also decided to more than double its key interest rate to 20 percent from 9.5 percent.
5 months ago·Moscow, Russian Federation

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Times of India

Russia hikes key rate to 20%, tells companies to sell FX

The central bank also announced a slew of measures on Sunday to support domestic markets.

5 months ago·Mumbai, India
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BBC News

Ukraine conflict: Russia doubles interest rate after rouble slumps

The Russian currency sinks to a record low against the dollar after Western countries impose new sanctions.

5 months ago·United Kingdom
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News18 India

Russia Hikes Key Rate to 20% in Emergency Move, Tells Companies to Sell FX

In another attempt to support the rouble, the central bank and the finance ministry also jointly ordered Russian exporting companies to sell 80 per cent of their foreign currency revenues on the market.

5 months ago·India
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Russia hikes key rate to 20% in emergency move, tells companies to sell FX

The Russian central bank raised its key interest rate to 20% from 9.5% on Monday in an emergency move, and authorities told export-focused companies to sell foreign currency as the rouble tumbled to record lows.

5 months ago·United Kingdom
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The Guardian

Russia’s central bank doubles interest rates after rouble plunges

Country’s economy faces fallout from international sanctions prompted by invasion of Ukraine

5 months ago·London, United Kingdom
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Russia's Central Bank Hikes Key Rate To 20% From 9.5% Amid Sanctions

Russia's central bank announced Monday it was raising its key interest rate to 20 per cent from 9.5 percent

5 months ago·New Delhi, India
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Bias Distribution

41% of the sources are Center
The Guardian
abc News
The Washington Post
Business Insider
BBC News
Channel News Asia
Times of India
News18 India
The Telegraph
Russia Today [🇷🇺-affiliated]
Anadolu Ajansı
Business Standard
L 26%
C 41%
R 33%
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