Russian central bank hikes rate
Russian central bank hikes rates to fight inflation fuelled by military spending
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 and services and drives up workers’ wages.
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.
Russia Hikes Key Rate, Might Do So Again as War Fuels Price Rises
Russia’s central bank raised its key interest rate for the second straight meeting of its policymakers in an effort to tame a pickup in inflation driven by the diversion of manpower and other resources to sustain the country’s conflict with Ukraine.
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Russian central bank hikes rates to fight inflation fueled by military spending in growing economy
Russia's central bank 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 and services and drives up workers' wages.
Russian central bank hikes rate as inflation jumps
Russia's central bank on Friday raised interest rates to 19 percent amid the country's ongoing Ukraine offensive, warning inflation was running too high and it needed to cool the economy.
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