More crisis! Russia unexpectedly raises interest rates by 0.25 percent

Inflation now, emerging market countries bake interest rate hikes! Foreign media reports, following Brazil, Turkey, Russia’s latest announcement to raise interest rates by 0.25%, the benchmark interest rate up to 4.5%, different from market expectations to maintain 4.25%.

Russia’s central bank also said that it may raise interest rates at a future meeting, mainly due to the rapid recovery in demand and inflationary pressures rise, so that monetary policy to return to neutral.