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Russia’s central bank sounds alarms on the economy as the falling ruble and record labor shortage add inflationary pressures

Russia’s central bank sounds alarms on the economy as the falling ruble and record labor shortage add inflationary pressures

Russia’s central bank sounded alarms on the economy Friday as the falling ruble and a record labor shortage add inflationary pressures.Policymakers kept the benchmark interest rate steady at 7.5%, where it has been since September, but signaled an increase may be coming soon.”The option of hiking the rate was considered, but by consensus we decided…

Argentina inflation seen hitting 149% this year, up from previous poll

Argentina inflation seen hitting 149% this year, up from previous poll

© Reuters. FILE PHOTO: A costumer counts money before buying tangerines in a green grocery store, as Argentines struggle amid rising inflation, in Buenos Aires, Argentina May 11, 2023. REUTERS/Agustin Marcarian BUENOS AIRES (Reuters) – Analysts polled by Argentina’s central bank forecast annual inflation this year at 149%, above the 126% expected in the previous…