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Posted on 04/25/2025 3:53:42 AM PDT by marcusmaximus
The Russian central bank maintained its key interest rate at 21% on Friday, with inflation starting to decline but new risks facing the Russian economy because of global economic turbulence triggered by U.S. trade tariffs.
"A further decrease in the growth rate of the global economy and oil prices in case of escalating trade tensions may have proinflationary effects through the rouble exchange rate dynamics," the central bank said in a statement.
(Excerpt) Read more at uk.finance.yahoo.com ...
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Maybe Iran can save Russia’s economy. /sarc
Their national debt is a heck of a lot smaller than ours. High interest rates don’t kill their government the way they would kill ours.
Russia stronk!
I assumed the tariffs were partly about putting pressure on Russia.
21% interest stronk like Jimmy Carter!
Young Churchill!
No different than our interest rates when Volkner was head in the early eighties, I remember getting 18 percent interest payments and carrying a 14 percent mortgage.
Their national debt is a heck of a lot smaller than ours. High interest rates don’t kill their government the way they would kill ours.
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Russia’s GDP to debt ratio is 17 percent, ours over 125 percent…ours is unsustainable and mathematically impossible to pay off.
Meanwhile, the second largest bank in Russia in on the verge of collapse.
“Their national debt is a heck of a lot smaller than ours. High interest rates don’t kill their government the way they would kill ours.”
But it kills their economy.
What will Russia do when their rainy day fund soon runs dry.
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