MOSCOW (Reuters) - Russia's central bank hiked its key lending rate by 1.5 percentage points on Monday after the rouble hit an all-time low on President Vladimir Putin's declaration at the weekend of his right to invade Ukraine.
The central bank did not mention Ukraine in its statement, but said the decision to raise rates was aimed at preventing "risks to inflation and financial stability associated with the recently increased level of volatility in the financial markets".
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