The Central Bank of Russia maintains its benchmark interest rate at 16% unchanged
Recently, the Central Bank of Russia announced that it will maintain its benchmark interest rate at the current level of 16%. The Russian central bank pointed out that the current inflation pressure in Russia has slowed down, but it is still at a relatively high level. Domestic demand continues to significantly exceed the capacity to expand the production of goods and services. The tension in the labor market has once again intensified.
