Moscow, March 21, 2025 (AFP) - Russian central bank holds key rate at two-decade high

NAMPA / AFP

2025-03-21

Russia's central bank kept its key rate at 21 percent on Friday, locking in two-decade-high borrowing costs as it battles rampant inflation. Prices have been rising quickly across the Russian economy for months, pushed up by massive government spending on the Ukraine conflict and deep labour shortages. Annual inflation shot above 10 percent last month for the first time in two years, with price increases forecast to average between seven to eight......

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