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

submitted by neolib from (theguardian.com)

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[–]chadwickofwv 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

If you believe that then I have some oceanfront property in West Virginia to sell you.

[–]neolib[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

As usual, here's Russian state media report specially for you:

Bank of Russia raises key rate once again by 2 pp to 15% per annum

The regulator also raised its inflation forecast for 2023 to 7-7.5% from 6-7% and adjusted it for 2024, expecting inflation in the range of 4-4.5%

https://tass.com/economy/1697949

It's funny how you just throw away inconvenient information.