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...
Thailand Prime Minister Paetongtarn Shinawatra has seen a significant boost in her approval rating following the launch of her government’s cash stimulus program. In the latest quarterly survey by the National Institute of Development Administration (NIDA), Paetongtarn’s approval rating jumped to 31.35%, a dramatic rise from 4.85% in the previous poll.
The survey, conducted from Sept. 16 to Sept. 23 with around 2,000 respondents from across the country, coincided with the government's first phase of a cash handout aimed at reviving Thailand’s sagging economy. The next stage of the stimulus program is expected to cover 26 million people.
Paetongtarn’s administration, which took office earlier this month, has also been active in providing assistance and leading restoration efforts in the flood-affected northern provinces. Additionally, the government plans to implement a minimum wage increase to 400 baht ($12.4) per day within the year.
Natthaphong Ruengpanyawut, leader of the People’s Party, came second in the survey with 22.9%. However, 23.5% of respondents expressed that they saw "no suitable candidate" for the country's top leadership role. Paetongtarn reaffirmed her commitment to addressing Thailand’s challenges and improving the lives of its citizens.
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