Prime Minister Anthony Albanese claims Labor "underestimated" the extent of how long the war in Ukraine would continue.

The National Bank of Ukraine (NBU) has downgraded its inflation forecast from 6.9% to 8.4% for the end of 2025. This is announced in the NBU statement, Ukrainian News Agency reports. Due to the exhaustion of temporary factors of price pressure and the NBU ...

Ukraine’s central bank, the National Bank of Ukraine (NBU), increased the key interest rate from 13,5% to 14,5%, raising concerns after inflation spiked above the forecast. NBU announced the decision at a monetary briefing on Thursday. Follow our ...

Ukraine's central bank raised the main interest rate to 14.5% to curb inflation, challenging economic recovery amid war with Russia. Inflation hit 12% in December, driven by rising costs and power shortages.

"I will be 100% on board with taking sanctions up," Treasury Secretary-pick Scott Bessent told lawmakers on Thursday.

Russian President Vladimir Puting isn't feeling as upbeat about the prospects for Russia's economy as the conflict in Ukraine intensifies ... sanctions, high inflation, and weakening domestic ...

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Inflation in Russia accelerated in 2024, official statistics published Wednesday showed, as the costs of Moscow's full-scale offensive on Ukraine weigh on the domestic economy. The Kremlin has ...

By applying enough pressure now, the thinking goes, Ukraine and its backers can enter talks from a favorable position, and Russian President Vladimir Putin will be forced to engage in good-faith negotiations that end in a satisfactory settlement.

Ukraine's National Bank (NBU) announced on Jan. 23 that it will raise the key policy rate from 13.5% to 14.5% per annum starting from Jan. 24, 2025.

Russia recorded in 2024 a budget deficit exceeding three trillion rubles for the third consecutive year, soaring to 3.49 trillion rubles ($34.39 billion), according to the country's finance ministry.

The central bank has the power to maintain stable prices, and there is more to the President-elect’s economic policy than tariffs.