Reported 6 months ago
Economists are divided over a Russian interest-rate decision due to the ongoing war in Ukraine, with some predicting a 16% hold while others anticipate a 17% increase. The central bank faces challenges as the war overheats the economy, stoking inflation. Analysts suggest that domestic demand remains strong with inflationary pressure, but it's unclear if the existing high key rate is impacting the economy, leading to uncertainties regarding the rate hike decision. Governor Elvira Nabiullina has kept rates steady, but with increasing government spending, the need for a rate adjustment is highlighted amidst rising inflation expectations.
Source: YAHOO