Bank of Russia raises rates by 150 basis points

Note: This section contains information in English only.
Source: RTT News
The central bank of Russian increased its benchmark interest rates unexpectedly on Monday amid raising concerns over possible war conflict in neighboring Ukraine pushing the country's currency Ruble towards the historical low versus the U.S. Dollar. The Bank of Russia raised the rate by 150 basis points from 5.50% to 7.00%.

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