Russia's central bank raised its key rate by a full one percentage points on Friday as inflation continued to stay well above the target.The Board of Directors of Bank of Russia decided to lift the key interest rate to 9.50 percent from 8.50 percent. The decision came in line with expectations. Signaling further rate hikes, the bank said "the bank holds open the prospect of further key rate increa...
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.