The Bank of Russia unexpectedly maintained its key interest rate at a record-high 21% , defying analysts’ expectations of another significant hike as inflation remains stubbornly elevated. The decision marks a shift toward a more measured approach in balancing economic growth and price stability. Key Details Inflation Concerns: Annual inflation climbed to 8.9% in November, well above the central bank’s 4% target , with inflation expectations reaching 13.9% in December. Policy Rationale: The central bank cited the significant tightening of monetary conditions after October’s 200-basis point hike as sufficient to resume disinflationary processes. Governor Elvira Nabiullina emphasized avoiding both economic overheating and severe slowdowns. Economic Overheating: Elevated government spending on the war in Ukraine and social programs, coupled with labor shortages and rising wages, have fueled strong domestic demand, exacerbating price pressures...
Walt Disney Co has announced another round of corporate-level job cuts as part of ongoing efforts to improve profitability. In a statement on Wednesday, Disney said it had been reviewing its cost structure and identified ways for certain corporate functions to operate more efficiently.
This latest round of layoffs reportedly affects about 300 employees in departments such as legal, human resources, finance, and communications, according to Deadline. However, divisions like ESPN and theme parks were not impacted in this wave.
Disney began cost-cutting measures last year, which included eliminating 8,000 positions. Like other media giants such as Paramount Global and Warner Bros Discovery Inc, Disney has been grappling with the shift away from traditional TV toward the growing popularity of streaming services.o
Comments
Post a Comment