Russia's central bank on Friday held interest rates unchanged after President Vladimir Putin cautioned against cutting borrowing costs prematurely.
Russia 's central bank on Friday held interest rates unchanged after President Vladimir Putin cautioned against cutting borrowing costs prematurely.
Moscow last year hiked its key interest rate to 16 percent to combat a surge in inflation, as the Russian currency wobbled under the pressure of Western sanctions. “The threat of inflation, as the leaders of the central bank say, still hangs over us,” the Kremlin leader told a business forum.Earlier this month, the International Monetary Fund upgraded its forecast for Russia’s economic growth in 2024 to 3.2 percent.
“If we go the other way, we may have a situation like that in some neighbouring countries, where inflation is double digit… They have crossed some kind of threshold and now cannot deal with it,” he told the forum. The Cross River Government says it is set to pay compensations to property owners along the Calabar/Itu highway to fast track the implementation of the road project.
The Commander, 3 Brigade Nigerian Army, Kano, Brigadier General MA Sadiq has assured that the officers and men of the Brigade would continue to render every necessary assistance for the successful operations of the National Youth Service Corps in Kano State.
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