Full Percentage Point Russian Central Bank Rate Hike… More Tightening Promised
A full percentage point hike in the Central Bank of Russia’s overnight interest rate to 8.5% was twice as large as markets anticipated, and the action was accompanied by a hawkish statement that depicted the move as the first of multiple increases that will follow in the months ahead. Labor market shortages resulting from President […]
A full percentage point hike in the Central Bank of Russia’s overnight interest rate to 8.5% was twice as large as markets anticipated, and the action was accompanied by a hawkish statement that depicted the move as the first of multiple increases that will follow in the months ahead. Labor market shortages resulting from President […]
