RUSSIA ECONOMY KEY RATE

Bank of Russia raises interest rate to 15 percent

epa10943213 A handout photo made available by the Russian Central Bank press service shows Bank of Russia governor Elvira Nabiullina (L) attending a press conference in Moscow, Russia, 27 October 2023. The Board of Directors of the Bank of Russia decided to increase the key rate by 200 basis points (bp) - to 15 percent per annum. The Central Bank raised its inflation forecast for 2023 to 7.0-7.5 percent from 6.0-7.0 percent. The Bank of Russia allowed the inflation target to be exceeded in 2024, introducing a forecast range of 4.0-4.5 percent (previously - 4 percent). EPA/ARTEM KUDRYAVTSEV / RUSSIAN CENTRAL BANK PRESS SERVICE HANDOUT HANDOUT EDITORIAL USE ONLY/NO SALES HANDOUT EDITORIAL USE ONLY/NO SALES

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