Russia, central bank and inflation
Russia hikes interest rates to 19% amid soaring inflation and war costs
The Russian central bank, striving to combat inflation, has raised interest rates to 19 percent. According to AFP, inflationary pressure is increasing due to public spending intended to support the offensive in Ukraine.
Russia's Central Bank Hikes Interest Rate to 19% Amid Inflation Concerns
Russia's central bank increased its benchmark interest rate to 19%, citing the need to curb inflation. Despite predictions of holding steady, recent data indicated persistent inflation, necessitating further tightening.
Russia's central bank raises key rate to 19% amid inflationary pressure
Russia's central bank unexpectedly raised its benchmark interest rate by 100 basis points to 19% on Friday, saying that inflation remained stubbornly high and action was needed to reduce it.
Central Bank of Russia prepared to maintain tight policy and hike rate until inflation fall to 4% - Nabiullina
MOSCOW. Sept 13 (Interfax) - The Central Bank of Russia plans to maintain a tight monetary policy as long as it takes to bring inflation down to 4% and is not prepared to accept an inflation rate of 6%-8%, Central Bank Governor Elvira Nabiullina said during a press conference.
Russia Raises Interest Rate to 19% Amid Persistent Inflation
Russia's central bank unexpectedly raised its benchmark interest rate to 19% due to stubbornly high inflation. Analysts predicted the rate would remain at 18%. The central bank highlighted persistent inflationary pressures and risks of entrenchment.
Russian Central Bank Hikes Rates to Fight Inflation Fueled by Military Spending in Growing Economy
Russia’s central bank has raised its key interest rate by a full percentage point to 19% to combat high inflation as government spending on the military strains the economy’s capacity to produce goods
Inquirer on MSN6d
Russia inflation slows in August, still above target
The pace of inflation in Russia slowed slightly in August but was still more than double the central bank’s target, official ...
Russia raises main economic forecasts, sees higher year-end inflation
A sharper rise in capital investment is one of many improvements to Russia's 2024 economic outlook, new economy ministry ...
Putin is embarking on an aggressive hiring drive to rejuvenate Russia's army. But he can't sustain it, experts say.
The Russian army is set to increase by 180,000, which would make it the second-largest in the world. It's already straining ...
Mises Institute1d
Price Inflation Is Not a “Global Phenomenon”
The Economics Policy Institute (EPI) has promoted a myth that recent price inflation is a “global phenomenon,” is not caused ...
The Bank of England is widely expected to hold interest rates as inflation stays above target
The Bank of England is widely expected to keep interest rates unchanged after official figures showed Inflation in the U.K.
TASS14d
Annual inflation in Russia down to 8.87% over week — Economy Ministry
MOSCOW, September 4. /TASS/. Annual inflation in Russia slowed down from 9.01% a week earlier to 8.87% from August 27 to September 2, the Ministry of Economic Development said in its price review.
Yahoo Finance5d
Russia's central bank hikes interest rates in a bid to fight inflation
Russia’s central bank raised its key interest rate on Friday from 18% to 19% as the country struggles with high inflation ...