Russian Central Bank raises policy rate to 20%

In the statement made by the Central Bank of Russia, possible problems in the Russian markets were pointed out.

EU bans operations of Russian Central Bank
In the statement, it was pointed out that the decision was taken to increase the interest rate in order to prevent the savings of citizens from losing value and to protect financial and price stability, and it was stated that the policy rate was increased from 9.5 percent to 20 percent with an increase of 10.5 points.