Aug 15, 2023
Russia sharply raises interest rates as wartime financial problems pile up - Times of India
The Russian central bank on Tuesday raised interest rates by the most it had since the early weeks of the war in Ukraine, a dramatic move that underlines the scale of concern about Russia‘s economic stability. By announcing an emergency meeting with one day’s notice, the central bank had signalled that it is prepared to act aggressively to stem rising prices and a weakening currency. Tuesday’s…
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