Russia Economy

In this photo taken from video released by Russian Central Bank Press Office, Russian Central Bank Chief Elvira Nabiullina speaks to journalists during a news conference at the Russian Central Bank in Moscow, Russia, on Friday, Oct. 27, 2023. Russia's Central Bank has raised its key lending rate for the fourth time in half a year in an effort to bring down surging inflation. The bank raised the rate on Friday to 15%, up 200 basis points. (Russian Central Bank Press Office via AP) AP PROVIDES ACCESS TO THIS PUBLICLY DISTRIBUTED HANDOUT PHOTO PROVIDED BY RUSSIAN CENTRAL BANK PRESS OFFICE ; MANDATORY CREDIT.

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