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

The Euro’s Moment? Weak US Data and ECB Action Set the Stage

The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This …