Tag Archives: interest

The Bank of Russia raised interest rates by 350 basis points to 12% at an emergency meeting on Tuesday in a bid to halt the rapid depreciation of the ruble against world currencies. “Inflationary pressure is building up… The decision is aimed at limiting price stability risks,” the regulator said …

The Central Bank of Russia (CBR) cut its key interest rate on Friday from 9.5% to 8.0%, citing further slowdown in annual inflation and subdued consumer demand. The cut was bigger than predicted by any of the Bloomberg-surveyed economists. According to the bank’s statement, the decline in business activity has proven …

Polish Prime Minister Mateusz Morawiecki warned on Monday that growing fatigue with the Ukraine crisis among Western populations might be something Russian President Vladimir Putin is counting on. Speaking to Polska Times, the prime minister said that while the Polish population was closely following developments in Ukraine, the same isn’t true …

The Federal Reserve will have to further accelerate increasing interest rates in order to rein in inflation, which is already at 40-year highs, Fed chairman Jerome Powell told the Senate Banking Committee on Wednesday. “I think that the most recent inflation indicators, [the] various kinds, suggest to us that we …

The US Federal Reserve has announced a 0.75% interest rate hike, the largest increase in 28 years, as the central bank’s chairman stressed the need to avoid a recession and tame runaway price inflation.  The Fed’s Open Market Committee announced the decision on Wednesday, saying it would raise short-term rates …

The Central Bank of Russia (CBR) slashed its key interest rate on Friday from 11% to 9.5%. The regulator noted that inflation in the country shows signs of easing. “The external environment for the Russian economy remains challenging and significantly constrains economic activity. At the same time, inflation is slowing …

Ukraine’s central bank more than doubled its benchmark interest rate on Thursday in an attempt to tackle double-digit inflation and defend the nation’s currency, the hryvnia. The rate was raised by a whopping 15 percentage points, bringing it to 25% from 10%, a statement on the regulator’s website says. The …

The Central Bank of Russia cut the key interest rate three basis points on Thursday from 14% to 11%, as inflation in the country shows signs of subsiding, according to the regulator. The move is part of the easing of capital control measures adopted in March to protect the economy …

Citing high inflation, the US Federal Reserve has raised its base interest rate by 50 basis points, or 0.5%, and announced it would be selling off some assets from its $9 trillion balance sheet. The rate hike is the highest since May 2000, when the dot-com stock bubble burst. “Inflation …

Russia’s central bank cut its key interest rate on Friday, saying that it saw room for further decrease this year, as the regulator tries to tackle soaring inflation and support the country’s shrinking economy. The Central Bank of Russia lowered the key rate to 14% from 17% as it looks …