Russia’s Central Bank Cuts Rates Again, Even as War Spending Strains the Economy
Part of composite article Global Fuel Crisis Deepens as War and Blockade Send Prices Soaring Worldwide View full article →
Russia’s central bank has cut interest rates once more, a move that signals the Kremlin’s growing struggle to manage the economy under the pressure of massive wartime spending. The decision, ordered by President Vladimir Putin, comes as policymakers search for solutions to slow inflation and stabilize growth. But with military costs rising, the path forward is narrowing.