Russia retains high interest rates
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Russian lender RaiffeisenbankAFP.com
•Business
Business & Economics
Russia holds key rate at two-decade high despite slowdown fears

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
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