Russia's Central Bank Cuts Rates Amid Economic Slowdown and Recession Risks
TL;DR Summary
Russia's economy is slowing down due to a combination of factors including a fuel shortage caused by Ukrainian drone attacks on refineries, high defense spending, and inflation, which could lead to stagnation or recession, impacting the population and government finances.
- The Kremlin Wants to Cool Down The Russian Economy. Why That Could Be A Problem Radio Free Europe/Radio Liberty
- Russia’s Central Bank Cuts Key Rate for Third Consecutive Meeting The Wall Street Journal
- Russian Central Bank Slashes Key Rate to 17% as Economic Slowdown Fears Grow The Moscow Times
- Bank of Russia Set to Keep Slashing Key Rate as Economy Cools Bloomberg.com
- Russia's central bank reveals GDP is shrinking, in a sign Putin's war economy has slipped into recession Fortune
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