Russian central bank (CBR) raises key rate to 20%, says ready for further actions RussianFederation Ukraine InterestRate CentralBanks USDRUB
The Russian central bank hikes the benchmark interest rate to 20%, in an unexpected move on Monday, as the rouble crashes to all-time-lows.
Meanwhile, Reuters reported that the Russian Finance Minister will decide whether to order exporters to sellThe Russian rouble has crashed over 40% so far this Monday, in the face of unprecedented Western sanctions against the country’s financial system over President Vladimir Putin’s invasion of Ukraine.during one point before recovering to near 82.00 levels, where it now wavers.
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