Skip to comments.Russia Raises Rates To Stop Ruble Decline And Confront Possible Higher Inflation
Posted on 09/14/2018 10:25:00 AM PDT by Pavegecko
The Bank of Russia surprised financial markets and raised interest rates in the face of a declining currency as talk of additional U.S. sanctions appeared in the wake of the Skripal poisoning. Russian state media has been pushing the narrative that the two alleged GRU agents who were filmed by U.K. authorities were simply gay lovers visiting Salisburg, England at the same time the Skripals were laced with Novichok nerve agent. The gay reference seems to be mostly for domestic consumption.
The Russian currency has started growing after the Bank of Russia decided to increase the key rate to 7.5% per annum. The dollar dropped by 71 kopecks to 67.54 rubles. The euro lost 73 kopecks to 79.04 rubles. The Bank of Russia lifted the key rate to 7.5% earlier today against the background of growing inflation risks, reported Russian state news agency TASS.
(Excerpt) Read more at tsarizm.com ...
Raised interest rates? I thought you were supposed to print currency and flood the money supply. That’s what the Fed does.
What caused you to excerpt your own material?
Trump is soft on Russia. RIIIIIIIIIIIIIIIIGHT.
Oh, and you constantly change out all the items you price out to measure inflation. That way people cannot compare anything today to anytime in the past.
Make it a moving target.
Financial repression. Use stealth inflation, negative real interest rates, and the power of printed money to support government, bail out important cronies of the state, and steal wages and savings from the general public to support massive public debt.
Tank Russias economy once again. China and Russia will soon hold joint military exercises in the Pacific,to remove US influence with its allies.
President Trump will now move to make things economically difficult for Russia and China.
Germany enters a pipe line agreement with Russia? Merkel needs to be taken to the wood shed.
Raised interest rates? I thought you were supposed to print currency and flood the money supply. Thats what the Fed does.
The Fed did that to prop up Obama, but they raise rates to strengthen the currency.
The best and only long term way to strengthen a currency is with economic growth, and under current conditions, Russia can’t do that.
It was sarcasm
This can be traced, at least in part, to what Trump has done FOR the American energy industry and TO Russia. Russia is Mexico with nukes, and Trump recognizes this in the same way that Reagan and Bill Casey did. All that you need to do to totally screw Russia is to flood the market with energy resources, and they’re done for a while. If you add a nice-sized military build-up into the equation (and Trump did, just like Reagan), then you speed up this process.
But Trump is Putin’s bitch, dontchaknow.
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