Home World Russian central bank steps in after ruble slides

Russian central bank steps in after ruble slides

by rajtamil
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Russian central bank raises key interest rate to 16% to counter inflation

Russia’s central bank announced emergency measures on Wednesday after the ruble slumped to its lowest level against the US dollar in over two-and-a-half years. Fears of a major escalation in the almost three-year Ukraine conflict have hammered the Russian currency in recent weeks, with fresh Western sanctions adding to the strain. The central bank said […]

The post Russian central bank steps in after ruble slides appeared first on Insider Paper.

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