Rate hike. Russia’s central bank on Friday raised the key lending rate by 200 basis points to 18 percent. The bank explained that inflation is “significantly higher” than its April forecast and that domestic demand is outpacing the country’s ability to supply goods and services. Annual inflation climbed to 9 percent in July from 8.6 […]
Daily Memo: Russian Interest Rates, More Money for Ukraine
The Russian central bank is trying to contain soaring inflation.
