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Two faces of the world - Anadolu Ajansı

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For the first time since May 2022: the Bank of Russia raised the key rate to 12% per annum amid the weakening of the ruble

Bank of Russia raised the key rate by 3.5 percentage points to 12% per annum. The decision was made "in order to limit risks to price stability" Since the beginning of summer, the Russian currency has fallen in price against the American, European and Chinese currencies by more than 20%. One of the main reasons for the observed dynamics was the current situation in foreign trade. Analysts still do not see any risks to financial stability and do not expect a rate hike to the highs of 2022. ....

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