Ukraine cuts rates for the first time since invasion—now lower than Russia’s (INFOGRAPHIC)
First easing in almost four years comes as inflation falls and workers don’t return.
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Central Bank key rate
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Ukraine holds at 15.5% as Russia’s rate swings
Ukraine’s central bank voted 10-1 to hold its key rate at 15.5%.
Russia cuts rates to save businesses it’s about to crush with taxes
The governor who defended high rates as “economic Darwinism,” has just reversed course.
Ukrainians pour record savings into banks as real returns turn positive (INFOGRAPHIC)
Deposits hit a record 1.36 trillion hryvnias in November. In Russia, similar rates are squeezing the civilian economy.
Russia’s business empire crumbles — yet its military still marches
Small businesses fail, innovation dies, but Moscow’s energy profits keep its economi alive.