The Central Bank of russia has raised its key policy rate by two percentage points at once, to 21%. This marks the eighth increase in 2024, with another expected by the end of the year.<\/p>\n
This figure is a record for russia since 2003 and has exceeded even the most pessimistic scenarios previously voiced by experts. It indicates serious problems in the russian economy. Although russian official authorities deny this reality, telling the population that sanctions have no effect on the country’s economy, the data tell a different story.<\/p>\n
\u25ab\ufe0f Raising the key policy rate increases the cost of credit for both the economy and the population, reducing economic growth in an effort to bring down inflation. However, given that inflation in russia continues (https:\/\/t.me\/TheCenterforCounteringDisinfo\/7895) to rise even after repeated key rate increases this year, the measures taken by the russian government to stabilize the economy are insufficient.<\/p>\n
In the face of sanctions and a war that requires enormous resources, it is becoming increasingly difficult to maintain control over the russian economy. Putin’s \u201cstability\u201d is crumbling like a house of cards. However, this does not deter the dictator\u2014he is ready to sacrifice the welfare of his people to satisfy his imperial ambitions.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Central Bank of russia has raised its key policy rate by two percentage points at once, to 21%. This marks the eighth increase in 2024, with another expected by the end of the year. This figure is a record for russia since 2003 and has exceeded even the most pessimistic scenarios previously voiced by…<\/p>\n","protected":false},"author":3,"featured_media":22557,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_post_transparent":"default","_kad_post_title":"default","_kad_post_layout":"default","_kad_post_sidebar_id":"","_kad_post_content_style":"default","_kad_post_vertical_padding":"default","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","wds_primary_category":538,"footnotes":""},"categories":[538],"tags":[],"class_list":["post-22556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-results"],"acf":[],"_links":{"self":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/posts\/22556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/comments?post=22556"}],"version-history":[{"count":0,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/posts\/22556\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/media\/22557"}],"wp:attachment":[{"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/media?parent=22556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/categories?post=22556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpd.gov.ua\/en\/wp-json\/wp\/v2\/tags?post=22556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}