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Recent 23/07/2022 article below I found interesting.."Russia cuts rates sharply as inflation outlook improves"Russia’s central bank has cut interest rates in a surprise move that it said was in response to a slowdown in inflation & an improved GDP forecast. The decision to cut rates to 8 per cent on Friday, from 9.5 per cent in June, suggests that the central bank believes Russia is weathering the storm of western sanctions imposed over its invasion of Ukraine better than it had feared.[URL unfurl="true"]https://www.ft.com/content/aa7671a1-0589-42d1-8868-c4512661d384[/URL]
Russia’s central bank has cut interest rates in a surprise move that it said was in response to a slowdown in inflation & an improved GDP forecast. The decision to cut rates to 8 per cent on Friday, from 9.5 per cent in June, suggests that the central bank believes Russia is weathering the storm of western sanctions imposed over its invasion of Ukraine better than it had feared.
[URL unfurl="true"]https://www.ft.com/content/aa7671a1-0589-42d1-8868-c4512661d384[/URL]
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