Russia's central bank has left its benchmark interest rate at a record 21%, holding off on further increases despite high consumer inflation fueled by the Kremlin's war against Ukraine.

Russia's central bank has left its benchmark interest rate at a record 21%, holding off on further increases despite high consumer inflation fueled by the Kremlin's war against Ukraine.

"There are some issues here, namely inflation, a certain overheating of the economy, and the government and the central bank are already tasked with bringing the tempo down," Putin said during his ...

The Bank of Russia held its key interest rate at a record-high 21%, surprising most analysts who’d expected policymakers to opt for another big hike to try to tame persistent inflation.

The Central Bank of Russia decided that discretion was the better part ... having said at its last meeting in October that a further increase may be needed to keep a lid on rising inflation. It had ...

Russia's central bank has announced the decision to maintain the benchmark interest rate at 21 percent, resisting pressure for further increases despite surging inflation. This move follows an ...

That’s because inflation in Canada has been close to 2 per cent per year for the past 25 years or so. In 1991, the Government of Canada and the Bank of Canada agreed it would be good for Canadians to ...

Independence of central banks has been under question for many years. However, the disappearance of “higher for longer” in 2024 erased any doubt about the monetary authorities’ lack of independence.

(AP Photo/Alexander Zemlianichenko) Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] Russia’s central bank has left its benchmark interest rate at a record 21%, holding off on ...

MOSCOW, Russia: Russia's central bank has decided to maintain its benchmark interest rate at 21 percent, a record high, to balance inflation pressures and the economic strain of increased military ...