Russia's central bank raises interest rates to 12% after the ruble plunges

Russia's central bank hiked its main interest rate by 3.5 percentage points to 12% Tuesday after the ruble cratered to a 17-month low the previous day. #press

https://www.cnn.com/2023/08/15/business/ruble-russia-interest-rate-hike/index.html?utm_source=press.coop