[SpeedyInTexas]

Oh Well.

“Russia Opts for Big Rate Hike After Inflation Thwarts Easing”

“Central bank increases interest rates for first time this year”

“Inflation has quickened since June decision to hold benchmark”

“Russia’s central bank raised interest rates for the first time this year, as six months of acceleration in price growth forced policymakers to pivot from plans to start easing in the second half of the year.

The Bank of Russia raised its benchmark on Friday to 18% from 16%, in line with most forecasts. In a statement accompanying the decision, policymakers said they “will consider the necessity of a further key rate increase at its upcoming meetings.”

“For inflation to begin decreasing again, monetary policy needs to be tightened further,” the central bank said. “Returning inflation to the target requires considerably tighter monetary conditions than presumed earlier.””

https://archive.ph/Axj8g

[BeauBo]

“The Bank of Russia raised its benchmark on Friday to 18%.”

“For inflation to begin decreasing again, monetary policy needs to be tightened further,” the central bank said.”

Putin… can’t… stop… printing rubles.

[SpeedyInTexas]

“Z Purge.”

“Russian authorities arrested the Hero of Russia, former Deputy Minister of Defense Dmitry Bulgakov, in connection with a corruption case. He was Deputy Minister of Defense from 2008 to 2022 and was responsible for the logistics of the Russian armed formations, led the work to provide troops with weapons, military equipment, and more..”

[BeauBo]

“The Bank of Russia raised its benchmark on Friday to 18%.”

If the benchmark is 18%, retail rates (like mortgages) will be over 20%. Forget about credit cards.

The Russian population is now feeling pain, across the board - no hiding it anymore..

A much larger police state repression apparatus has been instituted, to force the population to submit to declining living standards.

It is not Ukraine being forced back into the Soviet Union, it is Russia.