A man leaves a shop with exchange rates displayed in the window in Moscow, Russia.
Moscow: Russia's central bank on Thursday raised its key rate by one percentage point to 10.5% in yet another bid to shore up the plunging ruble and stem a sharp rise in prices.
The bank's board "decided to raise the Bank of Russia key rate to 10.5 per cent per annum," a decision published on the official website said, adding that it will continue raising the rate "in case of further aggravation of inflation risks."
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