By Georgi KantchevThe Russian central bank on Friday lifted its key interest rate to 13% from the previous level of 12%. It follows a big rate increase in August to stem a sharp selloff in the ruble. The central bank said it could consider further rate increases at future meetings as "significant pro-inflationary risks have crystallized" in the economy. Write to Georgi Kantchev at georgi.kantchev@wsj.com(END) Dow Jones Newswires09-15-23 0711ET

Source: Wall Street Journal September 15, 2023 11:15 UTC