Bank of Russia hikes lending rates from 15 to 16 per cent
Edited By WION Video Desk
Published: Dec 16, 2023, 05:55 IST | Updated: Dec 16, 2023, 05:55 IST
Russia's battle against inflation continues. Its central bank has hiked interest rates for the fifth time in a row. The bank of russia has hiked the lending rates from 15 to 16 per cent. That's the highest level since april 2022, and shows that inflation continues to trouble the sanctions-hit country.
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