misk@sh.itjust.works to

Europe@feddit.deEnglish · 10 months ago

Russia hikes interest rates to 12% as rouble falls

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Russia hikes interest rates to 12% as rouble falls

misk@sh.itjust.works to

Europe@feddit.deEnglish · 10 months ago

6

Russia hikes interest rates after rouble slides

The Bank of Russia raises rates to 12% from 8.5% in a bid to boost the currency and lower inflation.

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MrMakabar
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10 months ago
3.99% inflation is reasonably high and lowering it is not necessarily the smartest move.

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