Economics

Bank of Russia Considers Rate Increase of Up to 1 Percentage Point

Inflation has accelerated ‘markedly’ Nabiullina says
Russia’s central bank is striving to contain inflation

Russia's Central Bank Interest Rate Decision — Photographer: Andrey Rudakov/Bloomberg

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By Anya Andrianova and Francine Lacqua

June 28, 2021 at 8:59 AM UTC

Updated on

June 28, 2021 at 12:46 PM UTC

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The Bank of Russia is ready to consider a key interest rate increase of 25 basis points to 1 percentage point in July in response to surging inflation, Governor Elvira Nabiullina told Bloomberg TV in an interview.