Russian central bank holds interest rate at 21% despite business backlash
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Euronews.com
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Russia's central bank maintains a benchmark interest rate of 21% amid high inflation driven by military spending. Governor Elvira Nabiullina cites tightened lending conditions and anticipates inflation to drop to 4% next year. Critics, including business leaders, argue that high rates hinder economic activity. President Putin faces pressure as he balances economic growth, social stability, and military funding. The central bank is exploring stricter lending measures, with the next policy meeting scheduled for February 2025. Teljes cikk (Euronews.com)