The Russian central bank will convene on Tuesday to discuss interest rates, meeting a month ahead of schedule after the ruble weakened sharply.
(Bloomberg) — The Russian central bank will convene on Tuesday to discuss interest rates, meeting a month ahead of schedule after the ruble weakened sharply.
Policymakers will publish a statement at 10:30 a.m. Moscow time, according to a statement. The Bank of Russia gave no further details.
The central bank hiked its key rate by a percentage point to 8.5% last month, the first increase since emergency measures imposed immediately after the invasion of Ukraine.
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