**Google News**
**Russia’s Central Bank Raises Interest Rates to Bolster Rouble**
* **March 8, 2023**.
* **By Reuters**
MOSCOW, March 8 (Reuters) – Russia’s central bank on Friday raised its key interest rate to 20% from 9.5% to support the rouble and prevent a surge in inflation after the country was hit by unprecedented Western sanctions over its invasion of Ukraine.
The central bank said in a statement it was raising the rate .
