Bank of Russia boss signals sharp interest-rate hikes ahead ...News

Russia Today - Economy
Bank of Russia boss signals sharp interest-rate hikes ahead
source : Russia Today ( News ) () 19
The Central Bank of Russia will continue pursuing the controlled tightening of state monetary policy, implementing the strongest measures since 2014, according to the head of the regulator, Elvira Nabiullina. The central bank will reportedly consider raising the key interest rate by up to 100 basis points to 6.5%, possibly as soon its July meeting. “We will discuss the hike ranging from 25 basis points to one percentage point,” Nabiullina said in an interview with Bloomberg, stressing that the decision will be made on the back of data that is currently coming to light. Also on rt.com

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