nine countries in Central and Eastern Europe are calling for a strengthening of NATO's eastern flank

nine countries in Central and Eastern Europe are calling for a strengthening of NATO’s eastern flank


Russia is lowering its key rate, which has risen sharply since European sanctions were imposed

The Russian Central Bank lowered its key interest rate from 11% to 9.50%, estimating that, despite an “Difficult” for the Russian economy, “Inflation slows faster, economic decline slows” that she had not foreseen it. The Central Bank, which had drastically increased its rate from 9.50% to 20% in the wake of the first sanctions in late February, has finally restored it to its pre-military level. in Ukraine.

The Russian currency had collapsed after Russian troops entered Ukraine. The central bank had abruptly raised its rate and put in place draconian capital controls. The ruble has since risen sharply to levels not seen since 2015, against both the dollar and the euro.

Inflation had reached an annual level of 17.8% in April, the highest in twenty years. Price growth has slowed since then, to 17% on June 3, according to the latest figures released by the Central Bank on Friday.

Leave a Comment

Your email address will not be published.