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 ...
“Removal of US aid will not stop Ukraine from defending itself.”
Then Fight Zot The Last Ukie Male.
“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.”
Russia’s GDP peaked in 2013 at $2.3 trillion and has gone down since. That would place it behind California, New York and Texas and just slightly higher than Florida,
Since 2013 our GDP has gone up 80% to $29 trillion.
Per capital, Russia is $11k and US is $80k.
What a clown! The Russia, Russia spam is pretty sad on FR. When the boomers all finally die, is when the reality that Russia is no longer communist or are enemy. Get a life, take up basket weaving or something.
>>>>When the boomers all finally die, is when the reality that Russia is no longer communist or are enemy.<<<<
I’d venture to say that a majority of boomers don’t hate Russia. Most of us know history and can think logically.
“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.”
The Ukraine war is the main driver of Russia’s economy! They are burning through there reserves. High inflation and deficits.
Oil prices are falling. Oil exports (barrels) are down 12% from the peak.
Looking bleak for Russia despite your propaganda.
Interesting that you did not address his post directly but chose to attack personally. ...
AW, hurt feelings?
You Zeepers are so sensitive.
“AW, hurt feelings?
You Zeepers are so sensitive.”
Grow up.
The high interest rates are for the same reason they were high in the 1980s here -- because the economic boom is contributing to inflation.
Russian Derangement Syndrome turns one's brain into mush.
Do economic booms contribute to high inflation?
Is that why Venezuela has high inflation, their economy is booming?
Looking bleak for Russia despite your propaganda.
——————-
Looking financially bleaker for the US, and the world’s financial system knows this.
“The IMF slams the US with urgent warnings over its debt, deficits, and trade barriers…..”
“Looking financially bleaker for the US, and the world’s financial system knows this.”
From your link that you didn’t read:
In its annual evaluation, the IMF touted a “remarkable performance” in the world’s largest economy and expects further growth to come.
What a clown! The Russia, Russia spam is pretty sad on FR. When the boomers all finally die, is when the reality that Russia is no longer communist or are enemy.
————
Exactly. They just continue to spout the decades old Russia bad. Having lived there ( with many contacts) and trained Ivan’s for some time, they have in most sectors outperformed the West in “ Capitalism “.
To all the bad Vlad war cheerleaders, I suggest you go visit and see for yourself. You have fallen victim to senile Joe’s and western MSM’s narrative. Suckers.
“The high interest rates are for the same reason they were high in the 1980s here — because the economic boom is contributing to inflation.”
So, we had high inflation under Biden because of his great economic boom and low inflation under Trump because of a bad economy?
I think you failed economy 101.
“Exactly. They just continue to spout the decades old Russia bad. Having lived there ( with many contacts) and trained Ivan’s for some time, they have in most sectors outperformed the West in “ Capitalism “.”
LOL! Marty, you have really jumped the shark with your Russian propaganda!
Russia survives on its fossil and chemical exports. Their manufacturing base is pitiful.
Their economy is run by get-rich oligarchs.
Their labor base id dismal.
Their per capita GDP is $11k.
“To all the bad Vlad war cheerleaders,”
That confirms you are a “Vlad Good” cheerleader.
Drafting on the tailwind of marcus's never-ending Ukraine-Russia trolling isn't the smartest thing to do - but you're not known for smarts, TG.
IATG!
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