Russia's central bank has been hiking rates consistently in the second half of this year in an attempt to cool high inflation — but it may be running ahead of the curve. Bank lending has slowed ...

Russian President Vladimir Putin had called on the country's central bank to make a "balanced" decision about its key interest rate.Getty Images Russian interest rates on deposits and loans have ...

A central-bank official said lending might have slowed too quickly in the battle to lower inflation. Russia's central bank has kept its interest rate at 21% to avoid excessive cooling in its economy.

Russian interest rates on deposits and loans have risen faster than its central bank's key rate. A central-bank official said lending might have slowed too quickly in the battle to lower inflation.