Russia’s Central Bank (RCB) has increased its interest rate by 350 basis points to 12%, marking its highest level since May 2022. This decision aims to counteract the ruble’s depreciation and ensure price stability. In a recent statement, the RCB highlighted a surge in inflationary pressures. As of August 7th, the yearly inflation rate rose […]
Related Posts
October Surge in Brazilian Farming Exports
In October 2023, Brazil’s agribusiness sector showcased its global impact, exporting $13.4 billion worth of goods. This figure, though 2.3% lower than the previous year’s October, formed a significant 45.4% of Brazil’s total exports for the month. The Farming Ministry provided these insights in their Agricultural Trade Balance report. The report highlights a decline in […]