News Russia Interest: Russia cuts key interest rate for second time in a row as inflation outlook improves
Russia’s central bank on Friday cut the country’s key interest rate to 18%, citing falling inflation and slowing domestic demand. The bank also said that Russia’s domestic demand was slowing, a trend it attributed to “tight monetary conditions.” Russia’s key interest rate underwent a succession of quick hikes in 2023, skyrocketing from 9.5% in July to 16% at the end of the year as Moscow attempted to stave off inflation amid massive government military spending to power its war against Ukraine.
News Russia Interest: Russia cuts interest rate to 17% as strains show in wartime economy
Russia's central bank cut its benchmark interest rate Friday by one percentage point to 17%, a step that could support the economy as growth slows and spending on the war against Ukraine increases the budget deficit. The bank’s inflation warnings in its policy statements underlined the stresses in the Kremlin’s wartime economy. The contrast between a rate cut and continued inflation warnings reflects serious frictions in the Russian economy.
News Russia Interest: UniCredit shares fall further on interest in Russia's Otkritie
The UniCredit bank logo in the old city centre of Siena, Italy, June 29, 2017. REUTERS/Stefano Rellandini/File Photo ...
News Russia Interest: Is War Inevitable if Talks With Russia Fail?
Russia and the West have emerged from three rounds of unprecedented security talks, but officials on both sides say little progress was made.
News Russia Interest: After talks make no progress, is Russian attack on Ukraine more likely?: Analysis
After a week of diplomatic talks ended with no progress, there are fears a Russian attack on Ukraine may become more likely.
