Russian central bank hikes benchmark rate to 21%, highest since 2003
Global Banking & Finance
OCTOBER 25, 2024
By Elena Fabrichnaya and Gleb Bryanski MOSCOW (Reuters) -Russia’s central bank hiked its key interest rate by 200 basis points on Friday to 21%, the highest level since the early years of President Vladimir Putin’s rule, when Russia was recovering from the chaos that followed the collapse of the Soviet Union.
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