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...
Well, like it or not....2014 is the year for increased expended....a 15% increase in electricity bill, increase in tolls, LRT, sugar etc...
It is probably one of those time when the Rakyat asked the question....what about my salary?
I think this story best sum up how Malaysians feel about 2014...
A bit of laughter and humor on this is good...after all, whether we like it or not, 2014 is going to be a year where your expenses go up even though you try to tighten your belt.
Posted with Blogsy
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