The Bank of Russia hiked interest rates by a higher than expected 200 basis points to 15% on Friday, raising borrowing costs for the fourth meeting running in response to a weak rouble, stubborn inflation and increasing budget spending.
  • EvilHaitianEatingYourCat
    6•1 year ago

    I claim pointless!

    As long as they ll keep printing non existent money, inflation will keep going, and rouble will keep falling.

    But now, without any credit for economic activity