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Russia hikes key rate for first time since 2022
Russia hikes key rate for first time since 2022
Business and Economy
by  AFP

The Russian Central Bank on Friday hiked its key interest rate for the first time in more than a year amid fears that a weakening ruble will drive up inflation in the country. Domestic demand trends and the depreciation of the ruble since the beginning of 2023 significantly amplify pro-inflationary risks," the central bank said in a statement.