Russia

Russia's Central Bank on Friday raised its key interest rate to 16%, announcing a fifth hike since summer in a bid to fight accelerating inflation.The central bank has been grappling with the economic fallout of the offensive in Ukraine that includes Western sanctions, a surge in government military spending and the call-up of hundreds of thousands of men."Current inflationary pressures remain high.

Annual inflation for 2023 is expected to be close to the upper bound of the 7.0–7.5% forecast range," the Bank of Russia said in a statement explaining its decision.Higher interest rates are designed to sap demand by making it more expensive to borrow money and encouraging consumers and businesses to save, not spend.Analysts expected the increase as the central bank repeatedly stated its priority to fight inflation, which accelerated to 7.5% in November.The Bank said it was anticipating "that tight monetary conditions will be maintained in the economy for a long period."The exchange rate is seen as a key barometer of Russia's economic health by politicians, businesses and the population.Central Bank chief Elvira Nabiullina said that Moscow's economy was working "almost at full capacity," warning of a risk of "overheating.""Business lending is showing early signs of slowing, but is still growing at a record pace," she warned, as the bank is seeking to limit subsidized loads believed to be driving inflation.The decision to raise the interest rate comes a week after Russian President Vladimir Putin announced plans to run in tightly-controlled polls in 2024 to stay in the Kremlin until at least 2030.At his end-of-year press conference Thursday Putin hailed the 2.9% unemployment rate "at an all-time low," calling it "a very good indicator of the state of the economy."But analysts say the low employment rate is not a healthy sign but instead shows a shortage of recruits, with various sectors struggling to fill posts.The mobilization of hundreds of thousands of men took them off the job market, while prompting many of the most educated parts of the population to flee the country.The lack of manpower is driving up wages, as employers are forced to offer more attractive salaries in order to recruit.While this has created a cycle of rising wages and prices, a rapid rise in military spending has pushed the government into a deficit.





Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021


Buy Our Merchandise (Peace Series)

 


Contribute US to Start Broadcasting



It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.


STRIPE


[Russia] - Zelensky Says Will Present Peace Plan to Russia Once Agreed


Dutch Businessman Helps Russia Import Western Brands Like Nike, Lego ? Reuters


IOC Issues First List of Russians and Belarusians Eligible for Olympics


[Russia] - Ukrainian Shelling Kills 5 in Russian Border Town-- Governor


Sweden Says Russian Bomber Violated Its Airspace


[Russia] - Ukraine Fighting 'Intense' Battles in Donetsk Region


Russian Inflation Rises Once Again in May


Putin Says Almost 700K Russian Troops Fighting in Ukraine


[Russia] - Moldova Turns Back Plane Carrying Pro-Russian Activists


Mobilized Soldiers' Relatives Call for Russian Officials' Sons to Replace Their Loved Ones


Ukraine Says 12 Children Returned From Russian-Occupied Territory


[Russia] - Russia Reckons With Loss of Regional Influence as Armenia Eyes Exit from Moscow-Led Military Bloc


[Russia] - Italy Arrests Man Suspected of Helping Son of Russian Ex-Governor Flee Country


[Russia] - Russia Probes Death of NTV Cameraman Killed in Occupied Ukraine


[Russia] - Putin Says Ukraine Must Withdraw Troops To Start Peace Talks


[Russia] - Russian-Ukrainian Activist Convicted of 'Plotting Treason' Dies in Prison &-- Reports


Finland Says 4 Russian Planes May Have Violated Its Airspace


Moscow Brands Georgian National Legion ?Terrorist Organization?


Russia Says Downed 87 Ukrainian Drones Overnight


Russians Shrug Off New U.S. Sanctions


Kyrgyz Banks Suspend Money Transfers With Russia


Russia Sends U.S. Reporter Gershkovich?s Case to Trial


U.K. Follows U.S. With Sanctions on Moscow Stock Exchange


Trial of Russian Playwright and Director Moves Behind Closed Doors


Top Russian Universities Raise Tuition Fees


[Russia] - Partners and Russian-Installed Officials Attacked Since the Invasion of Ukraine


NATO Eyes Crackdown on Russian Agents Over Alleged Hybrid Attacks


Russian Police Arrest Reported Army Deserter Who Shot at Motorists


U.S. Slams Russia Over Alleged Abduction of Ukrainian Children


Moscow Exchange Halts Dollar, Euro Trade After New U.S. Sanctions


[Russia] - U.S. Widens Sanctions Against Russia Over Ukraine Invasion


[Russia] - Russian Nuclear-Powered Submarine Arrives in Cuba


[Russia] - Russian Exiled Media Raise Funds for Political Prisoners


[Russia] - Russian Peacekeepers Complete Withdrawal from Nagorno-Karabakh


?Another Attempt to Marginalize Us?: Experts and Activists Weigh In on ?Anti-Russian Separatist? Ban


[Russia] - Moscow Demands Release of Russian Woman Accused of Spying in Denmark


[Russia] - Germany's Uniper Awarded 13 Bln Euros for Lost Russian Gas


[Russia] - North Korea's Kim Hails Ties With Russia Ahead of Reported Putin Visit


Serbia Praises Security Cooperation With Moscow


Moscow?s Relentless Urban Beautification Takes Aim at Historic Kolomenskoye Park


Old Friends Reunite as Cuba Welcomes Russian Naval Ships For Exercises


Exiled Kremlin Critics Urge EU to Welcome Skilled Russians to 'Bleed' Putin Regime


Baltic States to Disconnect From Russian Electric Grid in Early 2025


Far East Russia?s Sakha Declares Wildfire Emergency


Moscow Says Captured 2 Villages in Eastern Ukraine


New Russian Defense Minister Meets Pro-War Bloggers


[Russia] - Denmark Arrests Suspected Russian Spy


[Russia] - Zelensky Says Russia Destroyed Half of Ukraine's Energy Capacity


[Russia] - Jailed Navalny Ally Fadeyeva Stripped of Mandate in Tomsk Local Government


[Russia] - Russia, Belarus Begin Joint Tactical Nuclear Drills


[Russia] - Russian Military Jet Crash Kills 2 Pilots


[Russia] - An Exiled Komi Journalist Strives to Make His Community's Voices Heard Over Russian Censorship


[Russia] - Bulgarian Nuclear Plant Starts to Replace Russian Fuel


[Russia] - Russian State Television Cameraman Wounded in Mine Explosion


Moscow Says Captured Village in Southeastern Ukraine


Putin to Visit North Korea, Vietnam ? Report


Kremlin Says 'Attentively Observing' Far-Right Gains in Europe


Zelensky Denies Russian Foothold in Ukraine's Sumy Region


[Russia] - Russian Court Jails Man 3 Years For Criticizing Child's Pro-War Hat


[Russia] - U.S. Says Russian Offensive Against Kharkiv 'Stalled'


[Russia] - Ukraine Says Hit Su-57 Fighter Jet Inside Russia


[Russia] - Russian Attacks Kill 2 in South, Northeast Ukraine


[Russia] - Biden Says Putin ‘& lsquo; Not Going to Stop at Ukraine'U. S. President Joe Biden on Saturday vowed Washington's assistance for Kyiv in its fight versus the Russian invasion, warning that Vladimir Putin would not stop at Ukraine. Putin i


In First, Ukraine Fires Drones at Airfield in South Russia's North Ossetia Region


[Russia] - Strikes on Russian-Held Ukraine Kill 26, Occupation Authorities Say


[Russia] - Russia Remands French NGO Worker in 'Foreign Agent' Case


Russia Says Its Forests Can Absorb Its Greenhouse Gas Emissions. Climate Change and Poor Forestry Standards Make This Unlikely.


[Russia] - Russia Bans Nonexistent 'Anti-Russian Separatist Movement'


[Russia] - Putin Touts BRICS, Rebukes 'Hegemon' West in Economic Forum Speech


[Russia] - 4 Killed by Strike on Russian-Held Ukrainian City


Russian Prosecutors Seek French NGO Worker's Jailing Pending Trial


Kremlin Says France Seeks 'Direct' Role in Ukraine War


Russia's Central Bank Leaves Rates Unchanged Despite High Inflation


[Russia] - Indian Medical Students Drown in Russian River


[Russia] - Pro-War Activist Group Says Senior Member Killed in Moscow


[Russia] - Cuba Says Russian Nuclear Submarine to Dock in Havana Next Week





66