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.

  • Nofearfrontier@lemmy.worldEnglish
    61·
    3 months ago

    You better save that ruble, once they don’t need you to spew non sense on the internet, you going to the front.

    • humanspiral@lemmy.caEnglish
      17·
      3 months ago

      Very substantive retort. It is only the people against war that have to be paid for it. The pro war demons are all in it for love.