Citing Accelerating Inflation, Russian Central Bank Raises Key Interest Rate.
Citing Accelerating Inflation, Russian Central Bank Raises Key Interest Rate.
Russia's central bank raised its key interest rate to 19 percent from 18 percent, citing a recent acceleration of inflation.
Hey Putin, you know what would help your inflation rates? Getting rid of the sanctions.
Hey Putin, you know what would get rid of the sanctions? Getting the fuck out of Ukraine.
And then people will tell you that sanctions don't work
Surely the CIA backed RFE wouldn't be spewing propaganda would they? According to actual Russians in Russia everything is normal.
19% central bank rates are anything but normal.
In the US, a 6% 30-year mortgage on a $200k home costs $1,199/mo (excluding taxes, insurance, etc). That exact same mortgage at Russia's 19% is $3,178/mo.
No, at 19% it's basically impossible to finance anything. Good luck buying a home, buying a car, expanding your business. We are talking literal credit card rates for the safest of things. And I'm being generous here, nobody gets the central bank rate, that is the floor, the cheapest rates that only banks get.
CIA backed FRE as the source?
Radio Free Europe / Radio Liberty - News Source Context (Click to view Full Report)
Information for Radio Free Europe / Radio Liberty:
MBFC: Least Biased - Credibility: High - Factual Reporting: Mostly Factual - United States of America
Wikipedia about this sourceSearch topics on Ground.News
https://www.rferl.org/a/russia-central-bank-key-interest-rate-hike/33118975.html
Least biased for an outlet that according to the wiki link
RFE was founded by the National Committee for a Free Europe as an anti-communist propaganda[8] source in 1949