Russia launches fresh bid to tackle inflation

The Central Bank of Russia said on Friday that it would raise its reserve requirement ratios for the fourth time this year to curb annual inflation, which is estimated at about 15%.

The required reserve ratio for institutions' liabilities to foreign banks in both roubles and foreign currency will rise by 150 basis points to 8.5 as of 1 September. The ratio on liabilities to individuals in roubles rises by half a point to 5.5% on the same date. The ratio on institutions' other liabilities in b

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