![Russia raises interest rate to 13% as economy struggles](https://cdn.newsserve.net/ONPglobe256.png)
Russia raises interest rate to 13% as economy struggles
The Central Bank of Russia raised its key lending rate by one percentage point to 13% on Friday, a month after imposing an even larger hike. Concerns about inflation persist and the ruble continues to struggle against the dollar. In August the bank increased the lending rate to 12% — a jump of 3.5…
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