Economics

Bank of Russia Eyes Another Key-Rate Hike at Meeting Next Week

  • Officials now leaning toward 25 basis-point hike, source says
  • Economy ‘overheating’ with inflation at 5.9%, Siluanov says
Elvira NabiullinaPhotographer: Andrew Harrer/Bloomberg
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The Bank of Russia will consider raising its key rate by 25 or 50 basis points, or possibly keeping it unchanged, at next week’s meeting, top officials said Thursday.