Russia's Central Bank Raises Rates Again, to 16 Percent, to Curb Inflation
Briefly

The rate increase was the fifth in a row since the central bank began its current cycle of monetary tightening in July, when the rate was 7.5.
Imagine the economy is a car, if you try driving it faster than it was constructed to, she said, then the engine would get overheated and we would not drive far.
Read at www.nytimes.com
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