The Bank of Russia left its key interest rate unchanged again on Friday but the forward guidance turned hawkish in the face of rising inflationary pressures.The Board of Directors of the Bank of Russia, led by Governor Elvira Nabiullina, decided to retain the key interest rate at 7.50 percent. "In the context of gradually rising inflationary pressures, the Bank of Russia holds open the prospect of...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.