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Russia Central Bank Holds Off Rate Hike
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.
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 stops raising interest rates as political opposition mounts
The Central Bank of Russia decided that discretion was the better part of valor Friday, suspending its campaign of interest rate hikes against a backdrop of increasingly sharp criticism from businesses and politicians.
9h
on MSN
Russia's top central banker is now worried about 'excessive cooling' in its red-hot war economy
Russia's central bank has kept the key interest rate at 21% and is trying to keep the economy from both overheating and ...
4d
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 ...
devdiscourse
15h
Global Political Shake-Up Amid Inflation Fears
Inflation fell worldwide in 2024, but voters expressed discontent with rising prices from past years, leading to the defeat ...
2d
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." ...
6h
Inflation, elections and war dominated 2024
President-elect Donald Trump plans to launch a mass deportation operation targeting millions of immigrants living in the U.S.
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Vladimir Putin
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