![Russian Central Bank raises interest rate to 18% amid 'accelerated' inflation](https://assets.kyivindependent.com/content/images/2024/07/GettyImages-1240913057.jpg)
Russian Central Bank raises interest rate to 18% amid 'accelerated' inflation
Russia's Central Bank announced on July 26 that it is to raise the interest rate from 16% to 18%, as the Russian economy continues to experience accelerated inflation amid its war in Ukraine.