Russia’s central bank raises key interest rate amid weaker rouble

Russia’s central bank raises key interest rate amid weaker rouble

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The third rate hike in two months comes as Russia grapples with higher inflation and a weaker rouble. Russia’s central bank has raised its key interest rate by 100 basis points to 13 percent, hiking the cost of borrowing for the third time in two months as it grapples with higher inflation and a…

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