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submitted 1 year ago by MicroWave@lemmy.world to c/world@lemmy.world

Russia’s central bank on Tuesday hiked interest rates by 350 basis points to 12% at an emergency meeting, as Moscow looks to halt a rapid depreciation of the country’s ruble currency.

The ruble slumped to near 102 to the dollar on Monday, as President Vladimir Putin’s economic advisor, Maxim Oreshkin, penned an op-ed in Russian state-owned Tass news agency that blamed the plunging currency and the acceleration of inflation on the “loose monetary policy” of the central bank.

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[-] Rakust@kbin.social 2 points 1 year ago

Three bullets to the back of the head. A tragic suicide.

[-] Unaware7013@kbin.social 3 points 1 year ago

I still have no idea how credit managed to stuff themselves into a duffel bag, zipped it up and decided to hang out in that car trunk.

this post was submitted on 15 Aug 2023
191 points (97.5% liked)

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