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.
Did you never take high school economics or did you just sleep through it?
I just assume they’re all 13 and haven’t taken the class yet
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You don’t have to know more than basic high school economics to understand why a 21% interest rate is disastrous for any nation. Russia isn’t special.
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See… the problem with saying things like this on the Internet is that people can check right away and see that you’re saying something that isn’t true.
https://tradingeconomics.com/russia/interest-rate
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How can we see that it did that “like nothing” from that chart? Do you think the number is just come up with arbitrarily or something? If that’s the case, why ever change the interest rate at all? Just always keep it at that magic 18% of yours.
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You need to decide whether you’re wrong or not.
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Do you think either of those links makes your 18% claim true?
Because otherwise I’m not sure why you replied to my comment a second time with those links after showing you that it wasn’t true. Those links also show it isn’t true.
Hook me up with your dealer, as it seems they have some pretty potent stuff.