International Economic
Russia hikes interest rates as rouble plunges
By Abigail Townsend
Date: Monday 28 Feb 2022
(Sharecast News) - Russia's central bank has doubled interest rates to 20%, as the rouble crashed to historic lows against the dollar.
In an emergency announcement on Monday, the Central Bank of the Russian Federation increased rates from 9.5%. It said: "External conditions for the Russian economy have drastically changed.
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