The Bank of Russia unexpectedly maintained its key interest rate at a record-high 21% , defying analysts’ expectations of another significant hike as inflation remains stubbornly elevated. The decision marks a shift toward a more measured approach in balancing economic growth and price stability. Key Details Inflation Concerns: Annual inflation climbed to 8.9% in November, well above the central bank’s 4% target , with inflation expectations reaching 13.9% in December. Policy Rationale: The central bank cited the significant tightening of monetary conditions after October’s 200-basis point hike as sufficient to resume disinflationary processes. Governor Elvira Nabiullina emphasized avoiding both economic overheating and severe slowdowns. Economic Overheating: Elevated government spending on the war in Ukraine and social programs, coupled with labor shortages and rising wages, have fueled strong domestic demand, exacerbating price pressures...
I guess it is valid to say that everyone know that it is important to save money but the question is how many actually do it? And what are the practical steps necessary?? Here are some of the practical steps that I would recommend and I wish that you will read it carefully and review it with your life. 1) Eat outside one less each time a month. Assuming that you love to eat outside with your friends and that you went for supper about twice a week. Meaning you went for 8 times a month and that each time you probably spend about RM8. So if you were to eat out less each time a month, by the end of one year, you will be saving about RM464 . Well, that is quite a big amount and in the long run, you might just realized that it actually add up to all the reasons why you are not having enough. Of course it would be even better if you could just be going out once a month, (cause by that, in one month alone, you're saving close to RM60). But let us be reasonable and start with just eating le...