Australia's largest stock trading and investment forum Australia's #1 stock forum

Russia Ukraine war, page-167760

First 167760 Last

Share
Profile

Follow
szaba_the_hut

14,069 Posts.

703

18/08/23

07:40

Post #: 69408641
Share

Originally posted by tangs: ↑

and in case you missed it .... interest rwtes going from 8.5% in russia to 12%

yep things are going real fine in the rusisan economy !
Russia hikes interest rates after rouble slides
Russia has hiked interest rates to 12% after the rouble fell to its lowest value in 16 months.
The rouble fell past 100 per US dollar on Monday, prompting Russia's central bank to hold an emergency meeting.
The Bank of Russia said it decided to raise interest rates from 8.5% to curb inflation, which hit 4.4% in August.
Pressure has been mounting on the Russian economy due to imports rising faster than exports and military spending growing for the Ukraine war.
"Steady growth in domestic demand surpassing the capacity to expand output amplifies the underlying inflationary pressure and has impact on the rouble's exchange rate dynamics through elevated demand for imports," the Bank of Russia said in a statement.
https://www.bbc.com/news/business-66508154

"Steady growth in domestic demand surpassing the capacity to expand output

-

means they can't

make what they need !

Expand

When do we see next rate rise in Australia?
5 Upvote

Reply

Top Stories

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

ARN

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Shekel Brainweigh and Calmer Co lead innovations in the retail space

RCE

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

There are more pages in this discussion • 61,484 more messages in this thread...

First 167760 Last

SPONSORED BY