Russia’s central bank has raised its key interest rate by two percentage points to a record-high 21% in an effort to combat growing inflation.

Russia’s central bank on Friday raised its key interest rate by two percentage points to a record-high 21% in an effort to stem growing inflation as massive government spending on the military amid the fighting in Ukraine strains the economy’s capacity to produce goods and services and drives up workers’ wages.

  • humblebunEnglish
    15·
    7 hours ago

    You sound very emotionally invested in this conversation, so I stop it right now. If you are still interested in the answer, please read the comment in another branch.

    Please take care and don’t forget to drink water today.

    • Flying Squid@lemmy.worldMEnglish
      6·
      7 hours ago

      You not being able to decide whether or not you’re right about the 18% thing has nothing to do with my emotions and everything to do with yours.