Russian leader Vladimir Putin commented on the increase in the key rate.
Raising the key rate in the Russian Federation was a justified decision of the regulator. At the same time, this initiative worked, the head of state added.
Prior to this, the Bank of Russia raised the key rate immediately to 20%. Subsequently, the indicator was reduced to 17%. Significant rate adjustments were explained by the need to stabilize the market situation in the face of unprecedented sanctions and the depreciation of the ruble.