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Rysslands centralbank

Record-high interest rate in Russia after shock hike

Russia's central bank is taking action with an interest rate hike of 2 percentage points to a record high of 21 percent – higher than when it was raised in connection with President Vladimir Putin's order for a full-scale attack on neighboring country Ukraine in 2022. Rapid price increases in the Russian economy are behind the tightening.
Record-high interest rate in Russia after shock hike

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