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Global Economic News

Russia Central Bank Hints At Rate Hike Ahead

By Renju Jaya   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

The Bank of Russia decided to keep its key interest rate unchanged for the third straight policy session on Friday, but suggested that the policy would be tightened in case of further budget deficit expansion, a fall in the currency exchange rate and the persistent labor shortage that trigger pro-inflation risks.

The Board of Directors of the Bank of Russia decided to retain the key interest rate at 7.50 percent, as widely expected.

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