Dossier
Russian Union of Industrialists and Entrepreneurs
Coverage of Russian Union of Industrialists and Entrepreneurs in the Nexus archive.
- Russia’s central bank gingerly cuts rates, caught between business complaints and inflation
Russia’s central bank reduced interest rates by a quarter-point to 14%, slowing its pace of cuts amid pressure from businesses and inflation concerns. The economy faces stagnation, with annual inflation at 5.9% and growth forecasts at 0.4% for the year, driven by war-related spending and disruptions like Ukrainian drone attacks on infrastructure.