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Showing posts from April, 2010

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Russia Holds Key Rate at 21% Amid Surging Inflation

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...

Setting A Home Office at Lower Cost

If you are planning to setup a home office, getting network storage would be a good idea for everyone to share files and folders. Why do we buy network storage instead of upgrading the server? Network storage can increase the network storage capacity without additional cost of buying another server, which would cost about 5 to 10 times more. A home office with low-end server and network storage will be more than sufficient to keep the business operating.

Monthly Spending Guidelines

People will always ask whether there is any monthly spending guidelines so that they can tailor their budget according to the guidelines. In fact, there is no such thing as perfect monthly spending guidelines as every one will have different priorities and each time will have different priorities as well. Monthly spending guidelines also change according to the financial goal that one has set every year. Nevertheless, I come out with my own budget which was based on the following spending guideline and it's been about four years and the guideline still stands true. One thing for sure, as I'm still single, thus my commitment towards household (in Housing category) will be less but at the same time, my commitment towards servicing my car loan will be higher. I make it a point to save at least 9% of my income and make sure I do not skip meals. I do tweak my budget on and off, but that is if I have extra income coming in from my investment. Category % Housing ...