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Russia's Central Bank hikes interest rate to 18% as inflation soars (apnews.com)

submitted 3 months ago by [email protected] to c/[email protected]

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cross-posted from: https://lemmit.online/post/3523779

This is an automated archive made by the Lemmit Bot.

The original was posted on /r/ukrainianconflict by /u/doughtnut2022 on 2024-07-27 00:45:13+00:00.

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[–] [email protected] 1 points 3 months ago (1 children)

Like, I'm honestly wondering how long they can keep stuff like this going. Here at home people are complaining about 5 % interest rates and how it's affecting people's personal economy. I mean, we're seeing an inflation rate of almost 10 % and interest rates of almost 20% in Russia, they can't possibly keep that going for very much longer?

[–] [email protected] 2 points 3 months ago

It's Russia. They can keep it up till people literally riot in the streets, and it had to get pretty fucking the last time that happened.