Russian Interest Rates Set At 12%

Posted on 08/16/2023

Russia’s interest rates have been lifted to 12%. The rouble trades at over 90 per U.S. dollar. The Bank of Russia held an emergency meeting to devise a way to save the currency, resulting in the hike. The Russian central bank is working toward a provisional goal of 4% inflation. “Steady growth in domestic demand…

Get News, People, and Transactions, Delivered to Your Inbox