Continuing to struggle with a tanking ruble, Russia’s Central Bank on Friday again raised interest rates by 200 “basis points,” which is the fancy word for 2 percent, to 15 percent total, fully doubling from the rate of 7.5 percent in the first half of this year, the Associated Press reports.
The bank also said the annualized price growth rate exceeded 12 percent in the third quarter which is, uh, pretty fucking high. We were to understand from the MAGA trolls who also constantly bitch about inflation that Russia is awesome and Putin is such a better leader than Joe Biden. As such we welcome those who haven’t been banned yet to continue such assertions. Please be sure to incorporate the US Commerce Department’s latest monthly core personal consumption expenditures price index report showing only a 0.3 percent domestic increase in the measure for comparison.