Russia’s central bank has raised its key interest rate by two percentage points to a record-high 21% in an effort to combat growing inflation.

Russia’s central bank on Friday raised its key interest rate by two percentage points to a record-high 21% in an effort to stem growing inflation as massive government spending on the military amid the fighting in Ukraine strains the economy’s capacity to produce goods and services and drives up workers’ wages.

  • Flying Squid@lemmy.worldMEnglish
    19·
    1 month ago

    You not being able to decide whether or not you’re right about the 18% thing has nothing to do with my emotions and everything to do with yours.