Russia’s central bank is expected to implement a significant rate hike this week to combat soaring inflation in the war-impacted economy, despite previous efforts to control rising prices. In November, the consumer price index rose to 8.9%, driven by escalating food prices and a weaker ruble due to recent U.S. sanctions, exacerbating the economic challenges faced by Russia following its invasion of Ukraine in 2022.
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Washington governor signs rent-control bill into law
Washington State Enacts Rent Stabilization LawGovernor Bob Ferguson signed House Bill 1217 into law, imposing limits on rent increases in Washington, positioning the state among the first in the nation to protect tenants. The law caps rent hikes at 7% plus inflation or 10%, whichever is lower, and also applies to single-family homes, addressing the urgent need for affordable housing amid rising homelessness. Ferguson, alongside bill sponsor Sen. Emily Alvarado, emphasized the importance of stable...
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