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International Business Times
International Business Times
World
Mark Moore

Russian Ruble Slump Might Spark Rise In Interest Rates: Report

Interest Rates Russia United States
The falling ruble may force Russia's central bank to hike a key lending rate. (Credit: AFP)

The ruble has plummeted to its lowest point since Russia invaded Ukraine in February 2022 and could force the central bank to increase its key lending rate, according to a report.

The ruble has fallen more than 9% against the dollar since Nov. 21 when the U.S. slapped sanctions on more than two dozen Russian banks, Bloomberg reported.

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