Russia's central bank combats iflation with drastic interest rates

The partial restructuring of the economy in a war economy continues to drive up inflation in Russia. It is currently running at between 8 and 9%. As a result, the Russian central bank is combat ing price rises with a key interest rate of 21 %, an increase of 100 basis points announced today. Will the rouble, as one of the most important currencies in the BRICS currency basket, become a burden right from the start?

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