Holiday Sale | Save 50%
Holiday Sale | Save 50%
Published

Russian central bank hikes rates to fight inflation fueled by military spending in growing economy

  • The Russian central bank has increased interest rates by 1 percentage point to 19% to combat inflation, which is affected by military spending.
  • The central bank noted that “consumer activity remains high” due to rising wages and a strong jobs market.
  • The bank aims to reduce inflation from the current 9.1% to its target of 4% by 2025 and may raise rates again.
Insights by Ground AI
Does this summary seem wrong?
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 40% of the sources lean Left
40% Left
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)