14:49 - 15.08.2023

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The Central Bank of Russia at an extraordinary meeting after the fall of the ruble raised the discount rate by 3.5 points.

ABC.AZ reports that the bank raised the discount rate from 8.5% to 12%.

The text of the resolution states that the emergency increase in interest rates is aimed at limiting the risks of price stability.
The Central Bank of Russia last month raised the interest rate to 8.5%.