With the third-largest interest rate increase in a decade to shore up the ruble, Moscow’s policymakers are pursuing the conflicting goals of paying for the war against Ukraine and taming inflation.
Russia’s Interest Rate Hike Highlights Economic Struggle Amid Ukraine War
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Central Bank of Russia, Currency, Economic Conditions and Trends, Embargoes and Sanctions, Inflation (Economics), Interest Rates, International Trade and World Market, Nabiullina, Elvira S, Politics and Government, Prices (Fares, Fees and Rates), Putin, Vladimir V, Ruble (Currency), Russia, Russian Invasion of Ukraine (2022), Ukraine