Russian central bank raise its key interest rate to 17 percent - Kedai Saham
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Tuesday, December 16, 2014

Russian central bank raise its key interest rate to 17 percent

BREAKING : In a surprise announcement just before 1 a.m. in Moscow, the Russian central bank said it would raise its key interest rate to 17 percent from 10.5 percent, effective today. The move was the largest single increase since 1998, when Russian rates soared past 100 percent and the government defaulted on debt.

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