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 was blogging about Adsense and all in this blog... Idle Page It was at this point that I realize the internet is the market of tomorrow. At the moment, most people look at internet business in the form of freelance writing and other etc. But in the near future, I believe with almost everyone having the access to internet themselves, the market will be big enough to attract people into channelling their business strategies into the cyber world. At the moment, only big company like Amazon and E-bay that is gaining popularity. However even in Malaysia we have Mudah and some other lelong online market. Although we must take into consideration the fact that some of these companies are not reliable but with strengthening markets in the internet, big companies will start to consider the internet as their main play ground. Some of the rough ideas that I could give you is this: The tuition place has been crowded with students and hence more and more parents are concern about the reliability ...