Russia’s Central Bank raised interest rates from 12% to 13% on Friday as it said it remains concerned about an inflationary spiral taking hold across the Russian economy. The move is the second rate hike in two months following an emergency meeting in August held after the Russian ruble fell below 100 against the U.S. dollar.
Resilient Russian banks lean inwards in pursuit of profit bdnews24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bdnews24.com Daily Mail and Mail on Sunday newspapers.
Russia s central bank held its key interest rate at 7.5% on Friday, but suggested that it may have to hike rates this year as a widening budget deficit, labour shortages and a weaker rouble pose
Press review: Russia reveals when nukes can be used and Putin, Xi may meet in Uzbekistan tass.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tass.com Daily Mail and Mail on Sunday newspapers.