With the third-largest interest rate increase in a decade to shore up the ruble, Moscow’s policymakers are pursuing the conflicting goals of paying for the war against Ukraine and taming inflation.
Tag: Currency
Roaring Back From Pandemic, Japan’s Economy Grows at 6% Rate
The rapid expansion came as exports have risen and tourists have flooded the country. But a drop in domestic consumption worried economists.
Russia Tries to Bolster Ruble as Inflation Adds to Economic Woes
The central bank in Moscow took steps to counter the currency’s slide, but the war and resulting sanctions have put intense pressure on the economy.
The ruble’s fall is raising concerns inside Russia about rising inflation.
The Russian currency has lost about a quarter of its value against the dollar this year, a reflection of the country’s roiling economy.
Europe Vowed to Make Russia Pay for the War. It’s Not That Easy.
Confiscating Russian state assets frozen by the United States and Europe could breach international law and set a dangerous precedent, experts say.
Turkey Raises Interest Rates as Erdogan Aims to Tame Inflation
In his choices of top officials, and with a leap in interest rates, Mr. Erdogan aims to tame inflation and defuse a looming economic crisis.
In Argentina, Inflation Passes 100% (and the Restaurants Are Packed)
Argentina’s financial crisis has a surprising side effect: a flourishing dining scene in Buenos Aires, as residents rush to spend pesos before they lose more value.
Turkey’s Lira Falls to New Low as a New Economic Policy Forms
The lira plunged 7 percent against the U.S. dollar, as a new finance minister promising “rational” economic policy takes charge
India Will Scrap 2,000 Rupee Notes, Echoing 2016 Demonetization
The move to retire 2,000-rupee notes, worth $24, has triggered bad memories of a similar campaign in 2016. It has also left some businesses short of change.
Turkey’s Next President Will Win an Economy in Peril
A surge in government spending before the election this month and pressure on the country’s currency could hit the economy in coming months, experts say.