Bank of Russia increases key rate by 200 basis points to 18% per annum

Bank of Russia increases key rate by 200 basis points to 18% per annum
MOSCOW, 26th July, 2024 (WAM)  –  The board of directors of the Bank of Russia decided on Friday to increase the key rate for the first time since December 2023 - by 200 basis points to 18% per annum, saying that inflation has accelerated and is developing significantly above the regulator’s April f...