Russia raises interest rate to 15% after steep climb in inflation

submitted by neolib from (theguardian.com)

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[–]ActuallyNot 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Maybe the sanctions are starting to bite?

The value of the Ruble seems to be eroding too. Not as far as it dropped after sanctions, which got down to about 0.7 US cents. But it's trading at about a cent, down from about 14 cents before the February invasion.