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Two youths charged with second degree murder | SaltWire #newsupdate #halifax #police #newstodayMOSCOW - Russia's central bank held its key interest rate at 16% for the third meeting running on Friday, but raised its inflation forecast for 2024, acknowledging for the first time that it may struggle to reach its 4% target this year.
The Bank of Russia had raised rates by 850 basis points in the second half of 2023, including an unscheduled emergency hike in August as the rouble tumbled past 100 to the dollar and the Kremlin called for tighter monetary policy. Governor Elvira Nabiullina was due to address the media at 1200 GMT. The bank's next rate-setting meeting is scheduled for June 7.
"Labour shortages come as the key constraint on the expansion of output of goods and services," the bank said."Concurrently, labour market tightness continues to increase."
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