Russia's central bank hikes rates to fight inflation fuelled by military spending
Russia's central bank raised its interest rate by a full percentage point on Friday as government military spending in its invasion of Ukraine strains the economy.
As talks are held in Washington, Ukraine's First Lady says her country needs more help from Western allies and describes the devastation the war has brought to a generation of Ukraine’s children. Speaking to ITV News, Olena Zelenska says: "We don't want childhood to be stolen from kids but unfotunately it happens now. We need to make sure this terrible experience for our children will not break their lives forever." Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The diplomats' activities threatened Russia's security and were aimed at ensuring Moscow's defeat in its war against Ukraine, according to domestic media.
Credit: euronews (in English) Duration: 00:35Published
The European Central Bank (ECB) has cut its key interest rates as the markets expected, marking its second reduction this year following a move in June.
Credit: euronews (in English) Duration: 01:07Published
Russia’s central bank raised its key interest rate Friday, despite warnings against such a move from some business elites within the country. Veuer’s Matt Hoffman reports.
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