The CBR raised its key interest rate by 50 basis points to 5.5% on Friday, its third consecutive hike since March, as it looks to temper annual consumer inflation of 6%, its highest in five years. Governor Elvira Nabiullina said in a press conference Friday that inflation was a "growing concern."
The bank expects the CBR to continue responding aggressively, projecting a further 50 basis point hike in July to take the policy rate to 6.0%.
We’ll see how that impacts Russian Oil markets and the Russian Agricultural market ... Wheat ...
Investors....Hold tight..!!!👍👍
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden and Putin to Meet, With U.S.-Russia Relations at Post-Cold War LowThis week’s summit between President Biden and Russian President Vladimir Putin is gearing up to be a showdown between two leaders who have long been at odds It's a meeting between a tyrant and an enfeebled old man who has no cards to play. Putin has no respect for Biden and no worries about what Biden will do regardless of how 'tough' he talks. The WSJ is trying to put lipstick on a pending disaster. Not job of media. Joe and sponsor are not leaders. Joe uses mind of sponsor.
Source: WSJ - 🏆 98. / 63 Read more »
Washington Prime Ch. 11 Marks New Uncertainties for RetailThe mall REIT’s bankruptcy included a prepared restructuring proposal, but the process will also test retail’s uncertain value in a pandemic.
Source: wwd - 🏆 24. / 68 Read more »
11 Outdoor Rugs to Instantly Transform Your SpaceIt’s the most important finishing touch to your patio, porch, and deck.
Source: Food52 - 🏆 113. / 63 Read more »
11 Things We Didn't Know About 'The Devil Wears Prada'A new oral history gets into the Anna Wintour panic, iconic lines that barely made it, and what was almost a designer-free wardrobe. No. It really doesn’t. Dead and buried 15 years ago. Jog on
Source: wmag - 🏆 723. / 51 Read more »
11 Korean Sunscreens You Need In Your Skincare Routine ASAPWhen it comes to sun protection, K-beauty leads the pack.
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »
11 Korean Sunscreens You Need In Your Skincare Routine ASAPWhen it comes to sun protection, K-beauty leads the pack.
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »