Russia’s central bank makes huge interest rate hike to try to prop up falling ruble – Winnipeg Free Press
[ad_1] TALLINN, Estonia (AP) — Russia’s central bank on Tuesday made a large interest rate hike of 3.5%, a move designed to fight inflation and strengthen the ruble after the country’s currency reached its lowest value since early in the war with Ukraine. The decision to bring the key rate to 12% was announced after … Read more