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...
Today, I'm going to discuss about something practical about spending... Nowadays, almost everything revolve around money...and that includes your health and fitness. If you have money, you could easily pay for membership to join a gym, a yoga class etc. But here is the question that we must ask before we spend...should we pay for gym? Should you pay for gym? Should you pay for your fitness and health? I think that question depends on what is the purpose of joining a gym. A friend of mine who joined a gym membership was there to build muscles. That was the right move I believe as building muscles require the intensity in work out and it will be advisable to do it with a gym instructor. But if you are going to a gym for the purpose of health and fitness, I think it is not worth to pay for a gym. There are many people who went to the gym for running in the morning for the purpose of maitaining their health and fitness level, but this could be done for free in a lot of p...