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24.02.2022
KEY RATE INCREASED TO 9.5% PER ANNUM
On February 11, 2022, the Bank of Russia decided to raise the key rate again by 100 bp. up to 9.5% per annum.
This is due to the increase in annual inflation. According to the Bank of Russia, the annual inflation will go down to 5.0-6.0% in 2022 and return to the target in the middle of 2023, considering the current monetary policy. Later, the annual inflation will stay near 4%.
 

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