Russia hikes key interest rate

Comment on this story
RussiaMoscow

Moscow - Russia's central bank unexpectedly raised its main interest rate by a half point on Friday, warning that geopolitical tensions were pushing up inflationary risks.

“Furthermore inflationary risks have increased, including due to increased geopolitical tensions and their possible effect on the dynamic of the exchange rate of the national currency,” the Bank of Russia said in a statement in an apparent reference to the crisis in Ukraine and Western sanctions against Russia. - Sapa-AFP


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.