English

FILE - A Moscow fashionista poses in a street of expensive boutiques not far from Red Square in Moscow, Russia, Monday, Aug. 21, 2023.

Business

Video. Russia raises interest rate to 13% as economy struggles

Updated: 20/09/2023 - 16:56 GMT+2

The Central Bank of Russia raised its key lending rate by one percentage point to 13% on Friday, a month after imposing an even larger hike.

Read full article

Top stories

Now playing Next

Latest news bulletin | September 15th, 2026 – Evening

Now playing Next

Trump takes aim at Canadian alcohol in latest trade war escalation

Now playing Next

Germany to deploy troops to Lithuania after volunteer shortfall

Now playing Next

At least 150 pro-LGBTQ protesters detained in Istanbul crackdown

Now playing Next

US threatens EU with retaliation over European preference in EU budget

Now playing Next

Von der Leyen will deliver an 'inspirational message' in annual speech, EU vice-president says

Now playing Next

Losing access to Bab el-Mandeb would be 'catastrophic for the entire world,' Qatar warns

Now playing Next

Romanian farmers clash with police in Bucharest over EU livestock ban

ADVERTISEMENT

ADVERTISEMENT

More from Business

Business

Record fuel price rise sparks honking protests in Portugal amid public anger

Business

Norway seizes Russian ship in the Arctic over Ukraine's $4.2 billion Crimea claim

Business

US slaps 100% tariffs on drones to counter Chinese dominance

Business

The death of Germany's richest man creates one of Europe's biggest foundations

Latest video

Sport

World Athletics chief Seb Coe: 'We stand firm against Russian athletes taking part'

Europe News

Watch: Aftermath of NATO jets' downing of drone in Lithuania

Silk Road Adventures

Inside an Uzbek wedding: traditions, family and the start of married life

World

Europe’s fake pesticide crisis: inside a $20 billion illegal trade

United Arab Emirates

Escalation is 'on the way' but region must keep calm, Syria's al-Sharaa tells Euronews

Europe News

Prominent Greek neo-Nazi exits prison and says he will return to politics

No Comment

Robot valet parking at Gatwick Airport promises safer, easier long‑stay car storage

Europe News

Romanian President warns Ukraine war could last at least another year

ADVERTISEMENT

Europe Today

EU has 'the power' to lead on 'global treaty on AI', says MEP Brando Benifei

Gaza

UN urges full access for investigators as Gaza death toll mounts

The Cube

No, the EU isn't demanding that Ukraine mobilise women against Russia's invasion

Culture news

Emmy record for Matthew Rhys as Welshman's Widow's Bay collected three awards

Europe in Motion

Most Europeans say a second language is useful. Not everyone can actually speak one

Travel News

Beyond the Silk Road: Visitors stay longer, spend more and venture further across Uzbekistan

Europe News

NATO 'committed and ready' after shooting down drone over Lithuania

World News

US military says it is facing a shortfall in ammunition as a result of Iran war

ADVERTISEMENT

ADVERTISEMENT