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Russia cuts interest rate to 17% as wartime economy slows while deficit grows
Russia's central bank cautiously cut rates to 17% to balance slowing growth, high inflation at 8.2%, and a weakening ruble, amid sustained fiscal deficits and sanctions impact.
- Russia's central bank cut its benchmark interest rate from 18% to 17% as the country's economic growth slowed to 1.1% annually in the second quarter of 2025.
- Russia's government spending has jumped by over two-thirds since the start of its offensive in Ukraine, with military expenditure accounting for nearly 9% of GDP.
- The Russian government posted a deficit of around $50 billion, equivalent to 2% of GDP, in the first eight months of 2025, three times more than the same period in 2024.
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75 Articles
75 Articles
The war continues in Ukraine. A Russian attack killed three people on 12 September in the Sumy region of the north-eastern part of the country. This is as Russian manoeuvres, called Zapad, continue in Belarus. A context in which the Russian economy is in dull. The Russian central bank announced this Friday, 12 September, a decline in its leading rate. An attempt to revive the Russian economy which gives many signs of slowing down, but at the ris…
·Paris, France
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The Russian economy is weakening, and companies are complaining about excessively high borrowing costs. However, the Russian central bank has now only slightly lowered its key interest rate.
·Hamburg, Germany
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Coverage Details
Total News Sources75
Leaning Left17Leaning Right3Center17Last UpdatedBias Distribution46% Left, 46% Center
Bias Distribution
- 46% of the sources lean Left, 46% of the sources are Center
46% Center
L 46%
C 46%
Factuality
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