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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 September 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.

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