The ruble surged to a five-month high Friday after Russia cut its interest rate. In February, it raised the key rate all the way to 20 percent in response to Western sanctions over invading Ukraine, and now it’s bringing it down by 300 basis points, to 17 percent.
Russia Cuts Interest Rate From 20 Percent to 17 Percent
By Fae Courter
Sign up for NTD Daily
What you need to know, summarized in one email.
Stay informed with accurate news you can trust.
Stay informed with accurate news you can trust.
Success! You are now subscribed.
By registering for the newsletter, you agree to the Privacy Policy.