Russian

Russia’s central bank has raised its key interest rate by 350 basis points to 12% in an emergency move to address the recent decline of the rouble. This decision came…

President Vladimir Putin’s economic adviser criticized the central bank on Monday for the decline of the Russian rouble against the U.S. dollar. The adviser blamed loose monetary policy for the…

Russia’s central bank surprised analysts by raising its key interest rate by 100 basis points to 8.5%. This move was made in response to inflation pressure caused by a weak…