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Russia's Economy Minister Warns of Inflation 'Hypothermia'

5/27/2025

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Summary

Story summary

Russian Economy Minister Maxim Reshetnikov has called on central banks to prioritize slowing inflation, cautioning against an economic "hypothermia" as inflation hovers at 3-4% annually. He highlighted the adverse effects of the Central Bank's strict monetary policy on investment, while major exporters are cutting back on commodity shipments, signaling a troubling economic downturn. The next crucial rate-setting meeting is set for June 6.

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Story summary

Russian Economy Minister Maxim Reshetnikov has called on central banks to prioritize slowing inflation, cautioning against an economic "hypothermia" as inflation hovers at 3-4% annually. He highlighted the adverse effects of the Central Bank's strict monetary policy on investment, while major exporters are cutting back on commodity shipments, signaling a troubling economic downturn. The next crucial rate-setting meeting is set for June 6.