Russia is locking up butter as inflation crisis reaches new heights
Nov 18, 2024 · Americans have spent the last few years complaining about inflation. But price rises in Russia are eye-watering by comparison – and just one symptom of an economy that is overheating. Butter,...
Russia's central bank holds off on interest ... - Associated Press News
2 days ago · 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, including tycoons close to the Kremlin, that high rates are putting the brakes ...
Putin urges 'balanced' central bank rate decision for overheating ...
3 days ago · Putin speaks about inflation at annual national phone-in Putin's comments come ahead of the central bank's key rate move Inflation to reach 9.2% in 2024 Inflation hits pockets of ordinary Russians ...
Bank of Russia Holds Key Rate at 21% Even as Inflation Rises
2 days ago · The Bank of Russia held its key interest rate at a record-high 21%, surprising most analysts who’d expected policymakers to opt for another big hike to try to tame persistent inflation.
Russia’s Central Bank hikes interest rate as inflation soars
Jul 26, 2024 · Russia’s Central Bank has raised its key lending rate to the highest level in more than two years to stem soaring inflation in an overheated economy hit by Western sanctions in response to Moscow’s military action in Ukraine.
Russia’s Central Bank Raises Key Rate to Historic 21%, Signals ...
Oct 25, 2024 · Russia’s Central Bank raised its key interest rate from 19% to a historic 21% on Friday, taking it even higher than the emergency rate initially introduced after the full-scale invasion of...
Russia Braces for Another Steep Rate Hike in Battle on Inflation
2 days ago · 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.
Russian central bank hikes rates to fight inflation fuelled by …
MOSCOW (AP) — Russia’s central bank hiked interest rates to their highest since the Kremlin sent troops into Ukraine more than 2 1/2 years ago, a step aimed at combatting the inflation fuelled by massive government outlays for the military — and by robust spending from Russian consumers in shops.
Russia's 2024 inflation to exceed government's forecast after …
Nov 13, 2024 · Russian consumer prices jumped by 0.3% in the latest week, bringing the headline number to 7% since January, close to the official government forecast of 7.3% for the full year, statistical data...
Battling Inflation, Russia Raises Key Interest Rate to 18 Percent
Jul 26, 2024 · Russia’s central bank raised its key interest rate to 18 percent on Friday, the highest level in more than two years, in a sign of mounting concern in Moscow that the country’s wartime...