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n central bank raises key rate to 20% to fend off risks of ruble depreciation

Started by forex4you, Feb 28, 2022, 10:21 am

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forex4you

Feb 28, 2022, 10:21 am
n central bank raises key rate to 20% to fend off risks of ruble depreciation

At the same time, the n finance ministry is reportedly set to introduce mandatory FX sales for companies. That being n companies will have to sell 80% of their FX revenue. This ties together with the headline move by the Bank of  to curb attempts to destabilise the ruble.


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