Russia's central bank has raised its key interest rate to 9.5 percent from 8 percent as it seeks to tackle inflation. The 1.5 percentage point increase was higher than expected, with analysts having forecast a rise of 0.5 percentage points.
Russia's War Against Ukraine
BBC: Russia raises interest rates to 9.5 percent
Members of a social network group \"I Really Like Putin\" perform in front or a two-meter Russian Ruble coin in Moscow on Aug. 18, 2011, during their action in support of Russia's currency.
