- cross-posted to:
- ukraine@sopuli.xyz
- cross-posted to:
- ukraine@sopuli.xyz
Russia’s central bank on Friday raised its key interest rate by two percentage points to a record-high 21% in an effort to stem growing inflation as massive government spending on the military amid the fighting in Ukraine strains the economy’s capacity to produce goods and services and drives up workers’ wages.
so the Russian government are promising to pay back more interest if someone loans them?
If someone is willing to loan them money, the Russians would have to promise to pay interest