Russia’s central bank to aggressively raise interest rates to battle inflation

Several economists, including Liam Peach, a senior emerging market economist in Capital Economics, expect the Central Bank of Russia to initiate major interest rate hikes on December 20. The speculations are despite the CBR’s governor, Elvira Nabiullina, mentioning last week that a rate hike was not predetermined in the upcoming rate-setting meeting. source: https://www.cryptopolitan.com/russia-to-aggressively-raise-interest-rates/