Russia Holds Rate as Attacks by Ukraine Spur Inflation Risks.
In: Bloomberg.com, 2024-03-22, S. N.PAG
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Russia's central bank has decided to keep interest rates unchanged at 16% due to inflation risks, including attacks on regions bordering Ukraine. The Bank of Russia did not provide any guidance on its next move but stated that tight monetary conditions will be maintained for a long period. Recent drone and missile attacks on regions like Belgorod and Kursk have affected infrastructure and industrial facilities, potentially leading to higher food prices and disruptions in oil production. The central bank aims to keep borrowing costs high to combat inflation, which currently stands at over 7%. [Extracted from the article]
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Russia Holds Rate as Attacks by Ukraine Spur Inflation Risks.
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Zeitschrift: | Bloomberg.com, 2024-03-22, S. N.PAG |
Veröffentlichung: | 2024 |
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