Posted on 11/18/2024 5:15:03 PM PST by marcusmaximus
Inflationary expectations among Russian households for the year ahead stood at 13.4% in November, unchanged from October, while inflationary pressure remained high, the central bank said on Monday.
The central bank raised its benchmark interest rate to 21% last month, the highest level in more than 20 years, citing high inflation and elevated inflationary expectations as the main reasons for the move.
-snip-
The central bank board will convene for the next rate-setting meeting on Dec. 20, with the officials saying that a further tightening of monetary policy was possible.
(Excerpt) Read more at money.usnews.com ...
What Kursk counteroffensive doink?
Great stuff!
What Russian tactical nukes doink?
I don’t know why they need to be so honest and make Mother Russia look bad? Why can’t they make stuff up like our central bank does?
Ah, russia owns a quarter of Ukraine and i’m betting half by next year.
I’m guessing ukraine is a little worse off in every way.
Bryansk just got Storm Shadowed! LOL! That was fast!
Oh, goody!
If this is true, now we get to see what happens when a REAL Russian red line get crossed, instead of one of the fake "Russian red lines" made up by the Western Gaslight Media.
That is because the Russian economy booming, nit wit.
Brilliant! 👍👍😁
😋
That probably IS the made up inflation number. (Like ours.)
A better indicator is probably the black market value of the rubble, er, I mean ruble.
There is no “black market” Ruble value because the Ruble is a free-floating currency, which trades on international markets. The concept of “black market” currency price only makes sense in autocratic countries where the government attempts to fix artificial exchange rates. Russia isn’t one of these.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.