Posted on 12/05/2024 3:56:46 AM PST by marcusmaximus
Vladimir Putin is facing an economic crisis on multiple fronts as the rouble collapses and inflation soars.
The head of the Russian Central Bank, Elvira Nabiullina, looks set to compound Moscow's economic misery further as she warns that inflation is continuing to rise.
She warned on Wednesday that interest rates may have to be hiked further but added that the decision is “not predetermined.”
Ms Nabiullina said: “We have indicated that the Central Bank is open to the possibility of raising the rate, but I want to emphasise that this is not predetermined.
"Yes, there is a new pro-inflationary factor, the exchange rate, and price growth remains high, but we are already observing, according to the latest data, a credit slowdown, including corporate loans.
The Russian Central Bank last raised interest rates in October to a record 21 percent to “prevent [Russia] from entering an inflationary spiral."
But Ms Nabiullina says this has not done enough to quell the inflationary pressure.
She continued: “Unfortunately, inflation this year will be higher than next year. But the path to our target will take all of next year and may extend into 2026."
(Excerpt) Read more at express.co.uk ...
No fan of Russia, but a country can fight through a desperate economy during war. Especially a dictatorship.
Putin ruble stronk like Lenin!
Ukraine is ####ED!!!!!
Doubly ####ED!!!
200,000 deserters!!
Trump is gonna make them GIVE LAND.
January 19 it is OVER
And man is russia smashing them to hell lately.
That’s too bad :)
Pretty funny how Russia pulled the old bait and switch on Tucker Carlson. Promised him a second interview with Putin in Moscow, but stuck him with old horse face Lavrov instead. Pure comedy!
You repeat that like it means something. My take away is that simpletons (such as yourself) are easily amused.
Tell Putin to interview with Tucker! bah
From Putin to Lavrov in less than a year.
America winning. Tucker losing.
Russia is about to collapse. Ukraine need only hold on a little longer.
Trump cant not “make” Ukraine give or do anything. He can threaten to remove US aid and that is all. Trump can however treaten Russia is many many ways.
Removal of US aid will not stop Ukraine from defending itself.
ZEEPER FOLLIES PINGLIST!(((PING!)))
You must buy your Kool-Aid in 55 gallon drums.
Another of a long list of Russia-is-on-its-last-legs articles.
Wake me up when their national debt exceeds 125 per of their GDP and becomes mathematically impossible to pay off ( the US), the last I checked Russia’s debt was only 17 percent.
Throw into the mix our interest payments on our debt just popped over $$$ 1 trillion and is rapidly rising. Unsustainable.
I am in no position to criticize anyone’s spelling, sentence structure or use of the English language.
But your comment is so full of errors it appears to be written by Kamala Harris.
More Canned SPAM from Marcy.
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