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Russian rouble steadies ahead of expected rate cut

(Reuters) - The Russian rouble firmed on Friday, hovering near highs last seen in March 2020 against the euro and strengthening past 72 against the do.

Colossal uncertainty : Russia surprises with bigger rate cut | Business and Economy News

Colossal uncertainty : Russia surprises with bigger rate cut | Business and Economy News
wiredprnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wiredprnews.com Daily Mail and Mail on Sunday newspapers.

Russia s GDP decline could hit 12 4% this year, economy ministry document shows

Russia expects the economy to contract by 8.8% in 2022 in its base case scenario, or by 12.4% under a more conservative scenario, an economy ministry document showed, further evidence that sanctions pressure is taking its toll. The conservative forecast is in line with that of former finance minister Alexei Kudrin, who said earlier this .

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