Citing Accelerating Inflation, Russian Central Bank Raises Key Interest Rate
www.rferl.org
Russia's central bank raised its key interest rate to 19 percent from 18 percent, citing a recent acceleration of inflation.
  • @[email protected]English
    19•3 months ago

    Hey Putin, you know what would help your inflation rates? Getting rid of the sanctions.

    Hey Putin, you know what would get rid of the sanctions? Getting the fuck out of Ukraine.

  • @cmderEnglish
    17•3 months ago

    And then people will tell you that sanctions don’t work

    • @[email protected]English
      -10•3 months ago

      Surely the CIA backed RFE wouldn’t be spewing propaganda would they? According to actual Russians in Russia everything is normal.

      • BombOmOmEnglish
        11•3 months ago

        19% central bank rates are anything but normal.

        In the US, a 6% 30-year mortgage on a $200k home costs $1,199/mo (excluding taxes, insurance, etc). That exact same mortgage at Russia’s 19% is $3,178/mo.

        No, at 19% it’s basically impossible to finance anything. Good luck buying a home, buying a car, expanding your business. We are talking literal credit card rates for the safest of things. And I’m being generous here, nobody gets the central bank rate, that is the floor, the cheapest rates that only banks get.

      • @cmderEnglish
        1•2 months ago

        They are doing so well that they come live in Europe if they have the possibility. I have friends in Russia and the situation was not good before war and now it is shit.

          • @cmderEnglish
            1•2 months ago

            There are a lot disparity in the country. You have people with a lot of money that had a lot of benefits after the fall of Ussr, mostly muscovite. But a lot of people are very poor there. My friends are from either Ekaterinburg or the Kavkaz and the life there is difficult. But they are all coming from. Big cities if you go to the country side it is far worse.

      • @[email protected]English
        1•3 months ago

        Ignoring your source of, “trust me bro,” a huge number of actual Americans in America think things are normal. How does that relate to interest rates?

        • @[email protected]English
          -2•3 months ago

          Americans dont see thugs as normal. They are we are getting fucked with high prices and shrinkflation everywhere

    • @[email protected]English
      2•3 months ago

      Least biased for an outlet that according to the wiki link

      RFE was founded by the National Committee for a Free Europe as an anti-communist propaganda[8] source in 1949