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Russia's Central Bank hikes interest rate to 18% as inflation soars

apnews.com Russia's Central Bank hikes interest rate as inflation soars

Russia’s Central Bank has raised its key lending rate to the highest level in more than two years to stem soaring inflation in an overheated economy hit by Western sanctions in response to Moscow’s military action in Ukraine.

Russia's Central Bank hikes interest rate as inflation soars

cross-posted from: https://lemmit.online/post/3523779

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The original was posted on /r/ukrainianconflict by /u/doughtnut2022 on 2024-07-27 00:45:13+00:00.

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Russia's Central Bank hikes interest rate to 18% as inflation soars

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