Russian Central Bank Hikes Rates

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inflation

ABC News

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Russian central bank hikes rates to fight inflation fueled by military spending in growing economy

Summary

Nutrition label

80% Informative

Russian central bank hikes rates to fight inflation fueled by military spending in growing economy.

Government spending on the military strains the economy's capacity to produce goods and services.

Russia 's economy continues to show solid growth as a result of continuing oil export revenues and government spending on goods, including for the military.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful