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Russia raises the interest rate to 7.75%, USD/RUB dips

Russia's central bank raised the interest rate from 7.50% to 7.75%. Markets had not anticipated the Moscow-based institution led by Governor Elvira Nabiullina to change rates. 

USD/RUB trades a tad lower after the announcement, at around 66.30.

The Russian economy suffers from sanctions and falling oil prices.

Russia Interest rate decision above forecasts (7.5%): Actual (7.75%)

Russia Interest rate decision above forecasts (7.5%): Actual (7.75%)
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Italian officials: Italy PM Conte met Merkel on budget, plans meetings with EU leaders

Reuters quotes the Italian government officials, citing that Italy’s PM Conte and Germany’s Chancellor Merkel met on Friday and discussed the much-deb
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