Central Bank of Russia

Russia’s Central Bank Increased Its Main Interest Rate By More Than Analysts Expected

As a result of plunging global oil prices and Western sanctions hurting the Russian economy, the rouble has been sliding. In order to protect the currency, today Russia’s central bank hiked its main interest rate by 1.5 percentage points, which is more than analysts expected. On a cumulative basis, the Central Bank of Russia increased the … Continue reading →