Key rate lifting to 22% might lead to growing volatility — Bank of Russia
Disclaimer: TASS is Russian government propaganda, and not a reliable news source.
The Board of Directors of the Bank of Russia made the decision at the meeting in October to increase the key rate by 200 basis points to record high 21% per annum, noting that inflation evolves much higher than the July forecast of the Central Bank and inflation expectations of households are at their highest since the year start