Russia's Central Bank hikes interest rate as inflation soars
apnews.com
Russia’s Central Bank has raised its key lending rate to the highest level in more than two years to stem soaring inflation in an overheated economy hit by Western sanctions in response to Moscow’s military action in Ukraine.
  • Tar_Alcaran@sh.itjust.works
    0·
    4 months ago

    But don’t worry, the economy is fine! It’s never been better, just look at how much money they’re spending on things!

    /S, obviously.

    • thebestaquaman@lemmy.world
      0·
      4 months ago

      Like, I’m honestly wondering how long they can keep stuff like this going. Here at home people are complaining about 5 % interest rates and how it’s affecting people’s personal economy. I mean, we’re seeing an inflation rate of almost 10 % and interest rates of almost 20% in Russia, they can’t possibly keep that going for very much longer?

      • Tar_Alcaran@sh.itjust.works
        0·
        4 months ago

        It’s Russia. They can keep it up till people literally riot in the streets, and it had to get pretty fucking the last time that happened.