Russia central bank hikes rate to 9.5%
Russia’s central bank jacked up its interest rates by 1.5 percentage points to 9.5 percent, after Western sanctions over Ukraine sent the ruble plunging and halted growth. |||
Mosow – Russia’s central bank on Friday jacked up its interest rates by 1.5 percentage points to 9.5 percent, after Western sanctions over Ukraine sent the ruble plunging and halted growth.The bank said growth in the last three months of 2014 and the first quarter of 2015 would be “close to zero”, as the embargo imposed by the West has had a “negative influence on economic activity”.The new …read more
Source: Independent Online
