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The Ruble Shows Signs of Recovery Following Central Bank’s Rate Hike, but Remains Near 2022 Low Against Dollar and Euro

The ruble raised its head on Tuesday after a significant hike in the Russian Central Bank’s key rate, but still remained close to its lowest since March 2022 against the dollar and the euro.

Around 09:25 GMT (11:25 CET), the ruble climbed 2.22% against the greenback to 98.593 rubles to the dollar.

The Russian Central Bank (BCR) raised its rate on Tuesday…

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2023-08-16 08:13:23
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