(Bloomberg) With tensions already high following the scrapped Ukraine grain export agreement, Russia’s navy conducted a live fire exercise in the Black Sea — destroying a target vessel with cruise missiles - days after suggesting it could attack any vessels heading to Ukrainian ports. Most Read from BloombergBillionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rate HikesApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAISelloffs, Inequality, China Tension: Here
Russia s central bank is
expected to hike rates to 8% on Friday, increasing the cost of
borrowing for the first time in over a year as the rouble s
sharp slide adds to inflation pressure, a Reuters.
The Bank of Russia left its key interest rate unchanged for the fifth policy session in a row on Friday, but did not rule out the possibility of a rate hike in future as inflation is rising gradually.