June 30, 2022

NyseNewsAnalyst

News Headlines: Hindustan Times provides exclusive top stories of the day, today headlines from politics, business, technology, photos, videos, …

France is ready to take part in the deregulation of the port of Odessa

Russia lowers its core interest rate, which has risen sharply since the introduction of European sanctions

Russia’s central bank has cut its key rate from 11% to 9.50%. “Tough” For the Russian economy, “Inflation is declining rapidly, economic activity is declining.” More than she expected. The central bank, which sharply raised its rate from 9.50% to 20% in the wake of the first sanctions at the end of February, has reversed its pre-military intervention. Ukraine.

The Russian currency depreciated after Russian troops entered Ukraine. The central bank then abruptly raised its rate and implemented austerity measures. The ruble has strengthened sharply against the dollar and the euro, reaching an all-time low since 2015.

Inflation hit an annual high of 17.8% in April, the highest in the last twenty years. According to the latest data released by the Central Bank on Friday, price growth has slowed to 17% on June 3.

See also  A chlorine leak at the port killed at least 12 people and injured more than 260