Russia's fear of inflation: interest session of the central bank on February 14th!

Russia's fear of inflation: interest session of the central bank on February 14th!

Russia's fight against inflation is becoming increasingly pressing. As krone.at , the inflation rates in the country will reach worrying news. In December 2024, inflation was already 9.52 percent - a massive increase compared to only 7.42 percent in 前年. Despite these alarming numbers, the Russian central bank surprisingly left the key interest rate at 21 percent. The most recent report by the central bank makes it clear: Inflation will also be the 4.5 percent for the forecast this year, which presents the economy with great challenges. The causes are diverse: western sanctions, a weaker rublic and lower harvest yields are pushing the prices upwards.

international interest rate increases and their consequences

The global context is also shaped by rising inflation rates, such as n-tv.de . Many central banks, including those in Europe, have raised their interest rates to take action against rising prices that are strongly influenced by the Ukraine War. Turkey is particularly striking, where the key interest rate has increased to 30 percent. The signs indicate that the central banks continue to act hesitantly in many countries because they have to keep the balance between combating inflation and economic growth. Interest increases were also announced in Sweden and Norway, which surprised many experts because they also considered more tentative monetary policy measures to be necessary. The US Federal Reserve Fed keeps your key interest rate stable, but is planning further raising.

The complex location is tightened by the increase in oil prices, which brings additional inflation risks. The uncertainty remains high, and while in some countries there is stabilization in sight, Russia is fighting exactly with the opposite developments. The central bank wants to counteract household specifications with key points, but has no clear recipe to overcome the current inflation crisis.