Posted on 09/05/2025 6:17:59 AM PDT by marcusmaximus
Russian President Vladimir Putin acknowledged that the Central Bank is “struggling” to lower interest rates without sparking new inflation, warning that a sharp cut would drive up prices. Speaking at the Eastern Economic Forum in Vladivostok, he said, “If inflation overwhelms the economy, nothing good will come of it.”
The remarks come amid concerns over a slowing economy. Sberbank chief German Gref said this week that Russia has entered “technical stagnation,” arguing the current 18% key rate must drop closer to 12% to stimulate recovery, News.Az reports, citing foreign media.
Official data shows annual inflation eased to 8.8% in July, but remains well above the Central Bank’s 4–5% target, with the sharpest increases in food and services.
Putin also urged Russians not to rely on internet “opinions” when judging the economy, after polls showed 58% of citizens cite rising prices as their top concern, compared with 33% who pointed to the war in Ukraine.
Economy Minister Maxim Reshetnikov admitted that inflation and high rates are weighing on growth, underscoring the limits of Moscow’s war-driven expansion.
(Excerpt) Read more at news.az ...
This AM, two more in your 'daily bread':
Russian economy meltdown fears as Putin ally issue dire warning -- Express UK 9/5/2025, 8:57:31 AM · by marcusmaximusRussia's Putin denies economy is stagnating, as evidence suggests otherwise - Reuters 9/5/2025, 8:47:57 AM · by marcusmaximus
Putin recession stronk!
Probably so. Various European nations' recessions are "strong" too!
Note: I don't have the same accent as you, Маркус.
As to "stronk" ---
France faces £2.85TRILLION 'debt explosion' meltdown Daily Mail, 27 August 2025Seems there's a whole lot of "stronk" going on these days.France's national debt surpasses GDP, finance minister maybe heading for IMF bailout Business Today, 28 August 2025
Rachel Reeves 'heading towards 70s-style IMF bailout' Telegraph UK, 23 August 2025
Bail Out France and Britain? You'll Need a Bigger IMF Wall Street Journal, 28 August 2025
German economy in crisis: When will it bounce back? Deutsche Welle, 22 May 2025
Germany slips back into recession as US tariffs bite Al Mayadeen, 22 August 2025
Germany's economy is expected to be more or less stagnant this year AP, 10 April 2025
Sichneve Has Fallen | Russian Forces Increase Pressure On Kupyansk & Lyman
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