The Central Bank of Russia on Monday hiked interest rates to 20%, as the country faces increased global sanctions over the invasion of Ukraine.
The Russian central bank more than doubled interest rates to 20% on Monday, as the ruble plunged following further moves by Western powers to the country over the invasion of Ukraine.
“External... The Russian central bank more than doubled interest rates to 20% on Monday, as the ruble plunged following further moves by Western powers to the country over the invasion of Ukraine. “External conditions for the Russian economy have changed dramatically. An increase in the key rate will make it possible to ensure an increase in deposit rates to the levels necessary to compensate for the increased devaluation and inflation risks. This will help maintain financial and price stability and protect citizens’ savings from depreciation,” said the central bank in a statement.
The central bank also reportedly banned traders from accepting foreign orders to sell the ruble or securities in the country, according to a document seen by Reuters. That comes after Western allies vowed to bar some Russian banks from using the SWIFT global payments system.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
BP Exiting Nearly 20% Stake in Russian Oil Giant Rosneft Over Ukraine InvasionBP says it’s exiting its share in Rosneft, a state-owned Russian oil and gas company in reaction to Russia’s invasion of Ukraine.
Weiterlesen »
Russian central bank (CBR) raises key rate to 20%, says ready for further actionsRussian central bank (CBR) raises key rate to 20%, says ready for further actions RussianFederation Ukraine InterestRate CentralBanks USDRUB
Weiterlesen »
'American Idol': Season 20 premiere recap (spoiler alert)The landmark platinum season of 'American Idol' opened on Sunday night featuring auditions from Austin, Los Angeles, and Nashville.
Weiterlesen »
'American Idol': Season 20 premiere recap (spoiler alert)The landmark platinum season of 'American Idol' opened on Sunday night featuring auditions from Austin, Los Angeles, and Nashville.
Weiterlesen »
'American Idol': Season 20 premiere recap (spoiler alert)The landmark platinum season of 'American Idol' opened on Sunday night featuring auditions from Austin, Los Angeles, and Nashville.
Weiterlesen »