Russia raises rates unexpectedly
The central bank was expected to tighten policy further following the two earlier cuts, but the timing of the move surprised the markets.
"A poor May inflation report and little sign that price pressures are abating put pressure on the central bank's policymakers," said Gintaras Shlizhyus, an analyst at RZB, a bank. "It appears it is finally prepared to reckon with the
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