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Russia Refrains From Hiking Rates Even as War Economy Overheats.
In: Bloomberg.com, 2024-06-07, S. N.PAG
Online
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Zugriff:
Russia's central bank has decided to maintain its benchmark interest rate at 16% for the fourth consecutive meeting, despite the country's war in Ukraine causing the economy to overheat and inflation to rise. While some economists had predicted a rate hike, policymakers have chosen to keep rates on hold. The central bank has been cautious about raising rates too soon, as it is uncertain whether the current high rate is effectively impacting the economy. Inflation in Russia has exceeded the central bank's target of 4%, reaching over 8% annually, which could further increase inflation expectations. [Extracted from the article]
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Russia Refrains From Hiking Rates Even as War Economy Overheats.
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Zeitschrift: | Bloomberg.com, 2024-06-07, S. N.PAG |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
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