Russia’s Central Bank Raises Rates to 19% as Inflation Ticks Up

The Moscow Times

The Moscow Times

Summary

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Moscow’s spending since Russia’s full-scale invasion of Ukraine in 2022 has challenged the country's ability to produce goods and services and has driven up workers‘ wages.
Euronews
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One result is inflation, which the central bank has tried to combat with higher rates that make it more expensive to borrow and spend on goods, in theory relieving pressure on prices.
ABC News Go
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The bank raised the key rate in July from 16 percent to 18 percent.
XinhuaNet

■ Story #104 ▪

issue 88:88 ▪

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7 sources ▪

updated 88:88

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