Russia says its economy is off to a — mostly — roaring 2024

Tue, 04/02/2024 - 05:45

The Central Bank of Russia is maintaining a 16% interest rate due to a thriving economy.
The economic growth is due to an increase in consumer activity and wage gains.
But there are potential risks ahead, including the potential impacts of sanctions on foreign trade.

Russia's economy is running so hot the Central Bank of Russia is holding rates at 16% to keep inflation in check.