World Economy

Further Hike

Further HikeFurther Hike

Russia’s Central Bank may further raise its key rate to stabilize the currency market, national development bank Vnesheconombank Deputy Chairman and former Deputy Economic Development Minister Andrey Klepach said, Itar Tass reported. “A rate hike is an inevitable thing. It could have been done earlier. I believe the Central Bank may decide on a further rate increase,” Klepach said.