Home / Market Update / Central Bank of Russia Hikes Policy Rate by 25 bps to 6.75%

Central Bank of Russia Hikes Policy Rate by 25 bps to 6.75%

The Central Bank of Russia announced on Friday that it raised its policy rate by 25 basis points to 6.75% from 6.5%, compared to the market expectation for an increase of 50 basis points, as reported by Reuters.

Check Also

Trump, Xi Hold Wide-Ranging Call Ahead of April Visit, With Taiwan and Iran in Focus

U.S. President Donald Trump said on Wednesday that he held a “long and thorough” phone …