The Central Bank of Russia increased the policy rate by 350 basis points to 12% annually. This has been reported area TSB RF.
“Inflationary pressure continues to increase. As of August 7, the annual inflation rate rose to 4.4 percent, according to forecasts.
The Central Bank of the Russian Federation stated that the rate of price increase continues to accelerate. On average, current growth was 7.6% year-on-year over the past three months, while the same core inflation rose to 7.1%.
21 July 2023 Central Bank of Russia raised key rate 100 basis points, up to 8.5% per annum.
Russian President Vladimir Putin commented on this decision of the Central Bank. registeredHe said he was struggling because of the warming of inflation.
Previously recognizedHow the weakening of the ruble will affect the state of the economy.