The Bank of Russia issued a statement saying that it had cut a key interest rate by 150 basis points to 9.50 percent per annum, or annually.
While Russia's Central Bank announced a"faster" slowing of inflation and smaller-than-expected decline in economic activity on Friday, the U.S. Labor Department reported the highest year-over-year Consumer Price Index increase in 40 years.
While it acknowledged that the"external environment for the Russian economy remains challenging," it said that"inflation is slowing faster and the decline in economic activity is of a smaller magnitude than the Bank of Russia expected in April."CPI increased 8.6 percent in the year ending in May. It was the"largest 12-month increase since the period ending December 1981," the bureau said.
While the two countries' newly-reported inflation changes cannot be linked, they provide more insight into the current economic standing of two major players in the diplomatic fallout of the Russia-Ukraine war. Following the widely-condemned invasion of Ukraine in late February, the U.S. and other western countries moved to impose unprecedented sanctions on Russia, including a
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Russia-Ukraine war live updates: Russia controls most of Severodonetsk, governor saysUkraine's Western partners have pledged more support, but it is not clear how soon the arms shipments will arrive.
Weiterlesen »
Russia Cuts Key Interest Rate Back to Prewar LevelThe country’s central bank cut its key interest rate by 150 basis points to 9.5% — the level it was at when Russia’s invasion of Ukraine began.
Weiterlesen »
Russia-Ukraine war: What happened today (June 9)Russia controls most of Sievierodonetsk, in eastern Ukraine. Two British citizens and a Moroccan received death sentences for fighting for Ukraine, in a court in the pro-Russian separatist Donetsk region.
Weiterlesen »
Russia using more deadly weapons in war, Ukrainian officials claimA Ukrainian governor accused Russia of using a flamethrower rocket system in a village in Ukraine’s eastern Luhansk province, southwest of the fiercely contested cities of Sievierodonetsk and Lysychansk.
Weiterlesen »
Russia-Ukraine live updates: Battle for key city to determine fate of eastern UkraineUkraine is being outgunned and outmanned in its effort to stop Russia's takeover of the eastern Donbas region of the country—and say Putin’s forces could keep fighting for another year. JamesAALongman reports on the ongoing—and changing—war for Ukraine.
Weiterlesen »