'Unsettled' Moscow Residents Tighten Belts As Ruble Tanks
In central Moscow, retired businessman Igor Inkin is preparing to turn down simple pleasures like dessert as the value of the ruble in his pocket continues to slide.
Source: ibtimes.com
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'Unsettled' Moscow Residents Tighten Belts as Ruble Tanks
As their country continues to wage war against Ukraine, some Russians are upset that desserts are becoming more expensive.
Source: kyivpost.com
Ruble Debacle After Wagner Mutiny Cues Up Russia's Rate Hike
(Bloomberg) -- Russia is poised for its first interest-rate hike since emergency measures taken after the invasion of Ukraine almost 17 months ago, as a stretch of steep currency depreciation forces the central bank’s hand.Most Read from BloombergBillionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rate HikesApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAISelloffs, Inequality, China Tension: Here Are the Next Big RisksNadella’s Microsoft Payouts Top $1 Billion o
Source: yahoo.com
Ruble debacle after Wagner mutiny cues up Russia's rate hike
'The ruble selloff necessitates a new tightening cycle,' said Tatiana Orlova of Oxford Economics.
Source: moneyweb.co.za
Russia raises rates for first time since invasion aftermath
The central bank on Friday lifted its benchmark to 8.5% from 7.5%.
Source: moneyweb.co.za