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Russia's Central Bank Hikes Interest Rates to 15%

  • #Russia
  • #Finance
  • #Economic conditions & trends
  • #Money
story
OCT 2023
Image copyright: Wikimedia Commons
story last updated OCT 2023

The Spin

Pro-Russia narrative

Markets have welcomed this rate increase, which further strengthens the ruble, as Russia's Central Bank has adjusted its expectations and parameters of fiscal policy to meet the faster-than-expected economic growth in the third quarter. The regulator is committed to ensuring that Russia remains on the path of balanced growth.

RT International

Anti-Russia narrative

Though the Kremlin seeks to project the image that Russia is performing better than expected, this isn't the case — inflation is soaring, labor markets are contracting, and Moscow is deepening its dependence on Beijing. The so-called good performance under a full war-financing mode indicates an overheating economy heading into a painful future.

Reuters

Metaculus Prediction


Establishment split

CRITICAL

PRO

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NewsweekJUL 2023
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RTJUL 2023
Ruble surges after interest rate hike
RTJUL 2023