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Bank Of Russia Hikes Rate By 100 Bps

Por: RTTNews Business December 15, 2023

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Russia's central bank raised its benchmark rate by 100 basis points on Friday and maintained a hawkish bias as proinflationary risks are assessed to be substantial and the exhibits faster than previously envisaged growth. The board of directors of Bank of Russia, headed by Elvira Nabiullina, decided to lift the key rate by 100 basis points to 16.00 percent.The bank has raised the policy rate by 850 basis points over the last five meetings.... + full article



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