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Russia Central Bank Holds Off Rate Hike
Russia Holds Interest Rates at 21% Amid Inflation
Contributing factors to inflation include increased military production, labor shortages, and a weakening ruble.
Russia's central bank holds off on interest rate hike amid friction between inflation, war spending
Russia's central bank has left its benchmark interest rate at a record 21%, holding off on further increases despite high consumer inflation fueled by the Kremlin's war against Ukraine. The decision Friday comes amid criticism from influential business figures,
Russia Braces for Another Steep Rate Hike in Battle on Inflation
Russia is poised for another aggressive rate hike on Friday as the central bank continues to find little success in tackling inflation that has recently accelerated well above its forecast.
3h
on MSN
Russia's economy has irreversibly turned toward a 'stagnation trap,' think tank says
Russia's economy has operated like a marathoner on fiscal steroids—and now those steroids are wearing off." ...
2d
on MSN
Putin says Russia's economy is overheating, inflation is worrying
The Russian economy is showing signs of overheating which is stoking worryingly high inflation, President Vladimir Putin said ...
2d
on MSN
Putin admits Russian inflation is an ‘alarming signal' and the economy is ‘overheating'
Russian President Vladimir Putin on Thursday said that inflation is a problem in Russia and that the country’s economy is ...
thepoultrysite
1d
Russia's inflation exceeds 9% in 2024
Russia's inflation has reached 9.14% so far this year, well above the central bank's annual estimate of 8.5%, after the new ...
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