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...
Just past few weeks, a friend of mine just started to use his Paypal account. The purpose he opened a Paypal account is to sell stuff at some auction websites, which I'm not sure, though I strongly believe it could be Ebay. Anyway, he told me that he got a problem getting the money and it will serve no purpose if the money can only stay in the Paypal account and use for online business as he might want to cash out anytime soon. Anyway, I told him that there is actually a way to withdraw money to his bank account and then tell him step by step how to do it while we were on the phone. Anyway, due to the phone conversation, I know some of us are not aware that we can actually withdraw the money to the banks in Malaysia . Below are the step by step on how to do it beginning from registering a bank account to the Paypal account. 1. Login to your Paypal account. You should be getting something like the following screenshot. 2. Next, click on the Withdraw tab and you will see that you can...