The Russian Central Bank has raised its key interest rate to 16% in response to persistent inflationary pressures. This marks the fifth consecutive rate hike this year, with the previous rate at 7.5% in July. The bank emphasized the need for tight monetary conditions to bring inflation back to target levels by 2024.
Russia's central bank raised the key interest rate by 100 basis points to 16 percent amid high inflationary pressures, the bank said in a statement Friday. https://t.co/43LRxocGae
Russia’s central bank on Friday increased its key interest rate by 1 percentage point, to 16 percent
Global Central Bank Update: -Russia hiked rates the 5th time, 100 bps increase to 16.00%. https://t.co/U8UbpqfyGc
Russian central bank raises key interest rate to 16% to counter inflation https://t.co/g8YSuCWsSC
The Russian Central Bank raises the key rate for the fifth time this year. In July this year it was at the level of 7.5%. Now it is 16%. https://t.co/YOXLH1QeaU
⚠️ RUSSIA NEARS END OF RATE RISE CYCLE WITH HIKE TO 16% Russia's central bank raised its key interest rate by 100 basis points to 16% on Friday, hiking borrowing costs for the fifth consecutive meeting in response to stubborn inflation, and suggested that its tightening cycle… https://t.co/l1hjuwvoTk
Russia’s Central Bank has decided to increase the key interest rate by 100 basis points to 16 percent. https://t.co/QvWxeVD6l8
Russia Hikes Rate to 16% “Current inflationary pressures remain high,” the bank said in a statement. “The return of inflation to target in 2024 and its further stabilisation close to 4% assume that tight monetary conditions will be maintained in the economy for a long period.”…
The Russian Central Bank increased the key interest rate to 16% https://t.co/WEEQJhJRDK