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 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.