RUSSIA’s Shock Decision

RUSSIA’s Shock Decision

Russia’s central bank has reduced interest rates by 50 basis points, taking the key rate to 16% — a decision that has raised questions about whether this move is sufficient given the current state of the Russian economy.

In this video, I look at why such a modest rate cut may struggle to address some of the deeper issues Russia is facing, including persistent inflation, rising food prices, and growing pressure on household budgets.
Credit to : Joe Blogs