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Russia flags hotter inflation as fuel woes and war spending bite

1 min read
Source: Euronews
Russia flags hotter inflation as fuel woes and war spending bite
Photo: Euronews
TL;DR

The Bank of Russia cut its key rate to 14.25% from 14.5% but warned that inflation risks remain due to expanded budget spending and a fuel crisis triggered by Ukrainian drone strikes. Petrol shortages and price spikes are fuelling inflation expectations, prompting policymakers to keep monetary policy tight for longer even as the economy slows.

Topics:businesseconomy#bank-of-russia#economy#fuel-crisis#inflation#monetary-policy#ukraine-war
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  1. Fuel crisis and war costs: Bank of Russia flags risks of faster inflation  Euronews
  2. Russian central bank trims rate by 25 bps to 14.25% amid fuel supply, budget risks  Reuters
  3. Russia Surprises With Smaller Rate Cut Even as Inflation Eases  Bloomberg.com
  4. Russia’s Central Bank Cuts Key Rate After Economy Contracts  WSJ
  5. Russian Central Bank Slashes Key Rate to 14.25%  The Moscow Times

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