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

China Revises 2023 GDP Upwards Amid Mixed Economic Signals

Key Updates on GDP and Growth Revised GDP Figures: China’s 2023 GDP was revised upwards …