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 reading about an article and come across this quote....how many of you agree with this statement? I agreed with it to a certain extend....
"WHEN I WAS YOUNG, I THOUGHT THAT MONEY WAS THE MOST IMPORTANT THING IN LIFE. NOW THAT I AM OLDER, I KNOW THAT IT IS"
A lot of people may tell you this is not true....while it might not be the entire truth, it holds a great deal of truth....without money, it is difficult to obtain good health. Without money, it is impossible to go for travel. Without money, it is hard to bless others. Without money, one will struggle to feed for the family, to provide the most basic necessity. So while money might not hold the key to happiness, it is one of the most fundamental part of our lives....
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