Russia’s central bank hiked its main interest rate by more than 40% on Tuesday in a bid to tame surging price inflation and 24 hours after the ruble plunged to a 16-month low.
Aug. 15 Russia’s central bank hiked its main interest rate by more than 40% on Tuesday in a bid to tame surging price inflation and 24 hours after the ruble plunged to a 16-month low, severely denting the currency’s purchasing power.
