Russia Raises Interest Rate to 21 Percent, Its Highest in Decades

Military spending and recruitment are causing the country’s economy to overheat, leaving regulators in a struggle to rein in rising prices. Russia, Interest Rates, Inflation (Economics), Russian Invasion of Ukraine (2022), Central Bank of Russia, Economic Conditions and Trends, Banking and Financial Institutions Military spending and recruitment are causing the country’s economy to overheat, leaving regulators in a struggle to rein in rising prices. NYT > Business

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