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Russia hikes key rate to 15% in bigger-than-expected rise
CNBC ^ | 10/27/2023 | Reuters

Posted on 10/27/2023 10:05:22 AM PDT by marcusmaximus

Russia's central bank raised its key interest rate by a higher than expected 200 basis points to 15% on Friday, hiking borrowing costs for the fourth meeting running in response to a weak rouble and stubborn inflation pressure.

The central bank has now raised rates by 750 basis points since July, including an unscheduled emergency hike in August as the rouble tumbled past 100 to the dollar and the Kremlin called for tighter monetary policy.

(Excerpt) Read more at cnbc.com ...


TOPICS: News/Current Events
KEYWORDS: 15percentwow; admissionoffailure; highinflation; marcgetshistrollback; newtrollformarcus; russia; unexpected; weakruble

1 posted on 10/27/2023 10:05:22 AM PDT by marcusmaximus
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To: marcusmaximus

All Putty Put has to do is give up his dream of recreating the old soviet union, withdraw all forces from Ukraine and the economic pain can end.


2 posted on 10/27/2023 10:15:04 AM PDT by TexasFreeper2009
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To: TexasFreeper2009

Putin’s attempt to put the old band back together has been a colossal flop.


3 posted on 10/27/2023 10:17:38 AM PDT by marcusmaximus
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To: TexasFreeper2009
withdraw all forces from Ukraine

The Russian army is in the Russian Federation.

The oblasts of Kherson, Zaporozhye, Donetsk and Luhansk joined the Russian Federation in late September 2022.

4 posted on 10/27/2023 10:18:24 AM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: kiryandil

lmao

right.


5 posted on 10/27/2023 10:19:27 AM PDT by TexasFreeper2009
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To: marcusmaximus

Kinda nice to watch... their deficit is increasing every single month!


6 posted on 10/27/2023 10:21:28 AM PDT by existentially_kuffer
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To: marcusmaximus

This is what happens when your currency drops 50% in 15months-

both of which indicate losing.

Been posting all along, to follow the war follow the worth of the ruble.


7 posted on 10/27/2023 10:23:49 AM PDT by Freest Republican (This space for rent)
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To: existentially_kuffer

President Reagan knew how to play the Bankrupt Russia game back in the 80s.


8 posted on 10/27/2023 10:23:51 AM PDT by marcusmaximus
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To: marcusmaximus

Well, there goes any hope of buying a house in Russia, Russia, Russia!


9 posted on 10/27/2023 10:26:12 AM PDT by outofsalt (If history teaches us anything, it's that history rarely teaches anything.)
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To: kiryandil

sure, just like Nazi Germany gloating about how it “owned” most of Europe in 1943

but that changed ...


10 posted on 10/27/2023 10:30:15 AM PDT by canuck_conservative (there would be no more need for NATO, if Russia could just stop attacking its neighbors)
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To: marcusmaximus

Yes exactly! Russia is already dipping into their WELL Fund.

Another front for Biden to worry about :32,463.99 −320.31 (0.98%)today


11 posted on 10/27/2023 10:49:03 AM PDT by existentially_kuffer
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To: canuck_conservative; JonPreston
sure, just like Nazi Germany gloating about how it “owned” most of Europe in 1943

I did Nazi that coming from the Galician contingent of Canada.

How's it hanging with your pals Hunka and Savaryn?   

12 posted on 10/27/2023 11:02:26 AM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: kiryandil

Nazis?

you mean the ones who teamed up with USSR / Russia to start WWII?


13 posted on 10/27/2023 11:04:04 AM PDT by canuck_conservative (there would be no more need for NATO, if Russia could just stop attacking its neighbors)
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To: canuck_conservative

I’m talking about the Nazis [your Galician brothers] who are attacking the Kerch bridge.


14 posted on 10/27/2023 11:12:28 AM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: TexasFreeper2009
All Putty Put has to do is give up his dream of recreating the old soviet union, withdraw all forces from Ukraine and the economic pain can end.

That is not going to happen. Crimea will never be returned to Ukraine.

As far as Russia is concerned, we have crossed the Rubicon. The new Cold War is a reality. The world is undergoing a major global political and economic realignment. The BRIC countries are expanding. Russia is the world's 5th largest exporter of wheat, the 2nd largest oil exporter, the largest exporter of fertilizer, and the largest exporter of natural gas.

Economic pain is being felt by Americans and Europeans due to the war in Ukraine. And we are borrowing hundreds of billions of dollars to pay for the war contributing to our growing national debt and the costs associated with servicing it. This fiscal year our debt servicing costs will exceed 1 trillion dollars, more than the defense budget. We can't afford these endless wars.

15 posted on 10/27/2023 11:16:23 AM PDT by kabar
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To: kiryandil

only Nazis there are your Russo-Nazis

always attacking and invading innocent neighboring countries

(see tagline)


16 posted on 10/27/2023 11:27:43 AM PDT by canuck_conservative (there would be no more need for NATO, if Russia could just stop attacking its neighbors)
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To: canuck_conservative

The Russian army is in the Russian Federation, Galician.


17 posted on 10/27/2023 11:40:33 AM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: marcusmaximus

Rubles are worthless, so 15% of nothing is nothing...


18 posted on 10/27/2023 11:43:28 AM PDT by jerod (Nazi's were essentially Socialist in Hugo Boss uniforms... Get over it!)
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To: kabar

Agreed, Putin thinks he’s fighting for the survival of Russia and won’t give up the buffer he has taken. WWIII over Ukraine is not viable, hopefully.


19 posted on 10/27/2023 11:58:58 AM PDT by SaxxonWoods
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