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Russia Stands Alone Amid Record Global Policy Rate Hiking

GLOBAL

With today's rate cut, Russia has the only major central bank (of 38 tracked by the BiS) cutting their benchmark rate this month. 24 of those have hiked this month, the highest proportion of any month in at least 18 years.

Based on 38 central banks changing policy rates in a given monthSource: BiS Data, MNI Calculations

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