Russia s central bank on Tuesday hiked its key interest rate from 8.5 to 12 percent, after the ruble crashed to a more than 16-month low against the dollar.
With growth disappointing and prices declining, Tuesday s easing ought to have been a no-brainer. The world has become so accustomed to a China that turns in enviable economic results that it s hard to get our heads around what happens when slow growth becomes the norm rather than the exception
(Bloomberg) Peru’s central bank held its benchmark interest rate steady for a seventh straight month late on Thursday as inflation remains above target even after a recent slowdown.Most Read from BloombergRetirees Face $17,400 Cut to Social Security Benefits in 2033Maui Fires Show Climate Change’s Ugly ReachFirst American City to Tame Inflation Owes Its Success to Affordable HousingEcuador Presidential Candidate Assassinated, Suspect Shot DeadDave Portnoy Paid Just $1 to Buy Barstool Sports B