Source link The Russian economy is not expected to go into a recession next year, the head of the central bank, Elvira Nabiullina, announced on Friday. The country’s GDP is forecast to grow by around 2.7% this year, driven by strong domestic demand. For 2024, the central bank is projecting growth of 0.5% to 1.5%. […]
Source link The fifth hike since summer comes amid high inflationary pressure, according to the regulator The Bank of Russia on Friday raised the key rate by 100 basis points to 16% per annum, explaining that current inflationary pressures remain high. It’s the fifth hike in a row since summer, when the rates were at […]
Source link One person was killed and another wounded in a stabbing attack in downtown Paris on Saturday evening, Interior Minister Gerald Darmanin has said. DETAILS TO FOLLOW You can share this story on social media: Follow RT on
Source link Central bankers’ continued fight to bring rampant inflation under control could plunge developed countries into recession next year, the Organization for Economic Co-operation and Development (OECD) has warned. According to its global outlook, issued earlier this week, the tightening of monetary policy since early 2022 is slowing domestic demand growth, while interest rates […]
Source link The adoption of AI is correlated with reduction in wages, according to newly published research The widespread adoption of artificial intelligence and related technologies has led to an increase in human jobs, but a decrease in wages, according to a research bulletin published by the European Central Bank on Tuesday. Titled “Reports of […]
Source link Closing down the monetary regulator is part of the president-elect’s radical reform plans Argentina’s incoming president Javier Milei confirmed on Friday that he will keep his promise to shut the nation’s central bank. The statement was posted by his office on X (formerly Twitter). The shutdown was Milei’s signature campaign pledge along with […]
Source link The vast majority of settlements with Tajikistan are now made in the Russian currency, according to the president The share of the ruble in Russia’s trade with Tajikistan topped 80% during the first half of 2023, Russian President Vladimir Putin told reporters on Tuesday following a meeting with his Tajik counterpart Emomali Rahmon […]
Source link Price growth has been accelerating for half a year, and has passed 7%, Elvira Nabiullina says Annual inflation in Russia has topped 7%, the head of the central bank, Elvira Nabiullina, has said, stressing that the figure requires more cautiousness from the government. “Inflation has been rising consistently since June, now exceeding 7%, […]
Source link The outflow of capital from Russia decreased more than sixfold in 2023 when compared to the previous year, according to the head of the country’s central bank, Elvira Nabiullina. She told the State Duma on Thursday that the Russian economy had recovered from the sanctions-induced crisis much faster than all the forecasts and […]