Home / Market Update / Central Bank of Russia Hikes Policy Rate by 50 Basis Points to 5% in April

Central Bank of Russia Hikes Policy Rate by 50 Basis Points to 5% in April

Russia’s central bank announced on Friday that it hiked its policy rate by 50 basis point to 5%, compared to analysts’ estimate for an increase of 25 basis points.

Check Also

Oil Surge and Weak U.S. Jobs Data Push Canadian Dollar Higher

The Canadian Dollar strengthened against the U.S. Dollar on Friday as disappointing U.S. employment data …