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...
It wasn't a habit of mine to blog long post when I'm outside but the excitement and enthusiasm of mine looking ahead of my first job takes over. I realize that being a fresh graduate, the income is not a lot and at times, it feels that it's not enough...but as my previous post mention, I believe the key is to follow the old phrase: "Spend less than you earn" The first part on savings has already been posted and now I'm going to continue with my second part: earning extra income while keeping your day job. If you are very much like me, freelance writing will be very suitable. There are a lot of ways to be a freelance writer...writing for magazines, newspapers and even for others...you could also consider blogging if you are into it...using Adsense, nuffnang and others will help you to earn the extra cash you need for leisure and luxury...imagine cashing out on this money for the usage during Christmas or other events... Tutor, this is what I did during my Unive...