“inflation in Russia is at 9% forcing interest rates to 18%”
“Russian banks are under extreme pressure because of failed loans, partially due to high interest rates”
Law against usury would fix.
They had interest rates as high as 21% and now down to 18%, which is what we should have done, we still have high inflation and now taking about a rate cut, what a disaster we will have.
We don’t have a Paul Volker to run things at the FED.