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#bankofrussia

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Newsflash: The #BankOfRussia has raised its key interest rate from 13% to 15%, a larger rise than expected.

Announcing the 200 basis point hike, the Bank of Russia says current inflationary pressures have significantly increased to a level above its expectations. #UkraineWar #Ukraine

#Russia hikes interest rates to 15% to battle inflation
theguardian.com/business/live/