[AdmSmith]

The Central Bank of Russia has signaled for the second time in two days that it might raise the key rate at its next meeting. The fact that inflation is still above 4% shows that we should have acted more decisively and tightened monetary policy earlier and faster, said Deputy Chairman of the Central Bank Alexey Zabotkin.

https://t.me/bankrollo/32506

LOL! The Russian bank key interest rate is 19 % since 13SEP2024.

[BeauBo]

“The Central Bank of Russia has signaled for the second time in two days that it might raise the key rate at its next meeting.”

The expectation is for another full point increase, to 20% - but their situation is volatile.

More than one point would be expected to spook markets - but clearly, investors have already been spooked by the last several rounds of hikes, and the high geopolitical risk of investing in Russian securities.