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largest lender SberbankReuters
•75% Informative
Russia 's largest lender Sberbank will raise its market mortgage rates to a minimum of 20% from Tuesday .
The move follows the Russian central bank decision last month to raise its key rate by 200 basis points to 18% , RIA state news agency reported.
The bank's head warned later that the country's economy has entered "very stormy uncharted waters".
VR Score
86
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93
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24
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