welcome
AFP.com

AFP.com

Business

Business & Economics

Russia holds key rate at two-decade high despite slowdown fears

AFP.com
Summary
Nutrition label

74% Informative

Russia 's central bank kept borrowing costs at a two-decade high of 21 percent on Friday to combat rampant inflation.

Prices have been rising quickly across the Russian economy for months , driven up by massive government spending on the Ukraine conflict and deep labour shortages.

Eye-watering lending rates have hit businesses hard, with some of the country's top corporate leaders putting pressure on the central bank to relax rates.

President Vladimir Putin acknowledged inflation was too high and that Russia 's 2025 economic growth would be "slightly lower".

VR Score

86

Informative language

93

Neutral language

17

Article tone

formal

Language

English

Language complexity

59

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links