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.

  • humblebun@sh.itjust.worksEnglish
    123·
    29 days ago

    You sound very emotionally invested in this conversation, so I stop it right now. If you are still interested in the answer, please read the comment in another branch.

    Please take care and don’t forget to drink water today.