SITUATION REPORT

Russia: Central Bank Announces Largest Rate Hike in 7 Years 

Jul 23, 2021 | 17:32 GMT

The Bank of Russia announced its largest interest rate hike in seven years, raising rates by 100 basis points back above pre-COVID-19 levels to 6.5% as the central bank struggles to tame surging inflation, The Moscow Times reported July 23. ...

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