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.
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Coverage Details
Total News Sources0
Leaning Left10Leaning Right6Center9Last UpdatedBias Distribution40% Left
Bias Distribution
- 40% of the sources lean Left
40% Left
L 40%
C 36%
R 24%
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