Russia's Central Bank Continues Rate Cuts Amid Economic Slowdown
TL;DR Summary
Russia's central bank has lowered interest rates despite data indicating the country's GDP is shrinking, suggesting the economy is in a technical recession due to ongoing war-related strains, high inflation, and declining oil revenues, though officials deny a full recession.
- Russia's central bank reveals GDP is shrinking, in a sign Putin's war economy has slipped into recession Fortune
- Russia’s Central Bank Cuts Key Rate for Third Consecutive Meeting The Wall Street Journal
- Russia cuts interest rates again but frictions with government remain politico.eu
- Russia’s central bank cuts rates further as economic pressure mounts Financial Times
- Bank of Russia Set to Keep Slashing Key Rate as Economy Cools Bloomberg.com
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