PR stunt or show of strength? Russia slashes interest rates

A resurgent ruble — buoyed by robust oil and gas revenues — has taken some of the heat out of inflation and allowed Russia's Central Bank to cut interest rates. The bank announced that rates will fall from 14% to 11%, after inflation slowed to 17.5% in May compared to 17.8% in April. CNN's Clare Sebastian reports. #CNN #News

37 comments

  1. Both and neither. It’s an appeasement of the disgruntled Russians and a middle finger to NATO and the US. A bone and a finger.

  2. This is tantamount to falling out of an airplane flying at 10,000′ without a parachute but the upside is you might be able to land in a small pond.

    1. @Fritter Foof Never Care Naturally, I described, believe with this expression, you make humanity for your confidence up, and for rational believe one God one Religious and, practice physically for your confidence up, and Rationally to solve reason naturally, complain, police-however has system integration but you never lose trust to Human and God everywhere, and end system problem you must take immigrant

    2. @Veganpotter Thevegan Never Care Naturally, I described, believe with this expression, you make humanity for your confidence up, and for rational believe one God one Religious and, practice physically for your confidence up, and Rationally to solve reason naturally, complain, police-however has system integration but you never lose trust to Human and God everywhere, and end system problem you must take immigrant

    3. @TheFlutecart I’ll surprise you again. Some paratroopers break glass bottles on their heads on the day of the airborne troops.

  3. When the money is no longer traded outside one’s country and no one wants it, does it matter what you charge to use it?
    I have 15,000 Rubles in my wallet from a trip in 2015, still. Why? Because it is worth, well, potato… Where I live, cost more to exchange than value…literally no one wants it…

    1. Germany and Italy are now paying in rubles for gas&oil .. india is paying in rubles for gas&oil .. china is paying in rubles for gas&oil .. everyone is still buying fertiliser .. so people might not want it .. but that doesn’t matter .. they want gas

    1. He’s selling gas and oil in rubles instead of USD which is propping up their currency.

  4. This move is the clearest indication that Russia has a very short tether. Everything must fall precisely in place for anything to prevail. That means the “special operation/war” and the economic health of the Ruble and the existential presence of the Kleptocracy itself. The odd of success are extraordinarily slim.

    1. @axel r Facts are not speculations!

      Facts matter when dealing with deranged liars and democrats.

  5. Where did so much power come from those who are blocking the 6th package of sanctions against Russia

  6. As long as we have them doing this circus like monkeys. Good enough. Slashing rate. Increasing wages. Bribing Russians to ensure there is no criticism of the government. The old farts will be happy with pension money.
    I just hope he keeps this going. The move to electric will be expedited.

  7. Ruble is too strong for exports to be profitable. So decrease rate and ease currency exchange policy. Ruble will go up a bit. Or a lot, who knows

  8. Don’t be mad Russian economy is showing such resiliency. Just shows West failed.

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