High inflation and the weak rouble triggered a higher than expected raise. ADVERTISEMENT Russia’s central bank raised its key interest rate by 2 percentage points to...
High interest rates took a bite out of consumer lending and took a toll on banks’ profits in September. ADVERTISEMENT Russian banks’ profits dropped in September...
Russia’s central bank made a big interest rate hike of 3.5 percentage points on Tuesday, an emergency move designed to fight inflation and strengthen the ruble...
The Russian ruble has reached its lowest value since the early weeks of the war in Ukraine as Western sanctions weigh on energy exports and weaken...