Russian Central Bank Holds Key Rate At Two-decade High

International Business Times AU

International Business Times AU

Summary

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Annual inflation shot above 10 percent last month for the first time in two years, with price increases forecast to average between seven to eight percent this year.
International Business Times
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Policymakers raised the key rate to 21% in October, despite concerns from businesses and banks that high borrowing costs were hurting economic growth.
The Moscow Times

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