Russia hikes to strengthen rouble
The central bank raised its rate for overnight credit from 12% to 13% on Friday. It is the second percentage-point hike this month and the sixth this year.
Rates are now at their highest since December 2005.
The central bank is thought to be allowing the rouble to depreciate and to have widened its currency band by 30 kopeks (1 cent). But Friday's hike was
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