A resurgent ruble — buoyed by robust oil and gas revenues — has taken some of the heat out of inflation and allowed Russia's Central Bank to cut interest rates. The bank announced that rates will fall from 14% to 11%, after inflation slowed to 17.5% in May compared to 17.8% in April. CNN's Clare Sebastian reports. #CNN #News
PR stunt or show of strength? Russia slashes interest rates
Both and neither. It’s an appeasement of the disgruntled Russians and a middle finger to NATO and the US. A bone and a finger.
@bill blow Very dried up, wraith like fingers.
TRUTHhttps://youtu.be/KDq3XFN1cY0
FINALLY !❤️✌🏻
Go Putin! Slava Z!
Like They Have A Choice!
This is tantamount to falling out of an airplane flying at 10,000′ without a parachute but the upside is you might be able to land in a small pond.
@Fritter Foof Never Care Naturally, I described, believe with this expression, you make humanity for your confidence up, and for rational believe one God one Religious and, practice physically for your confidence up, and Rationally to solve reason naturally, complain, police-however has system integration but you never lose trust to Human and God everywhere, and end system problem you must take immigrant
@Veganpotter Thevegan Never Care Naturally, I described, believe with this expression, you make humanity for your confidence up, and for rational believe one God one Religious and, practice physically for your confidence up, and Rationally to solve reason naturally, complain, police-however has system integration but you never lose trust to Human and God everywhere, and end system problem you must take immigrant
@alisarabirh wtf
gibberish
@TheFlutecart I’ll surprise you again. Some paratroopers break glass bottles on their heads on the day of the airborne troops.
When the money is no longer traded outside one’s country and no one wants it, does it matter what you charge to use it?
I have 15,000 Rubles in my wallet from a trip in 2015, still. Why? Because it is worth, well, potato… Where I live, cost more to exchange than value…literally no one wants it…
Emergency toilet paper???
Germany and Italy are now paying in rubles for gas&oil .. india is paying in rubles for gas&oil .. china is paying in rubles for gas&oil .. everyone is still buying fertiliser .. so people might not want it .. but that doesn’t matter .. they want gas
It’s CRAZY VLAD’S Discount Daze!!!
HOW DOES HE DO IT?
HE”S INSANE!!!
TRUTHhttps://youtu.be/KDq3XFN1cY0
FINALLY !❤️✌🏻
He’s selling gas and oil in rubles instead of USD which is propping up their currency.
lmao
@The Big Picture Europe was paying in Euros not dollars
You can do that when you default on your debts.
This move is the clearest indication that Russia has a very short tether. Everything must fall precisely in place for anything to prevail. That means the “special operation/war” and the economic health of the Ruble and the existential presence of the Kleptocracy itself. The odd of success are extraordinarily slim.
@Andrey Olshansky Learn English. Then come back and try again.
Speculation
@axel r Facts are not speculations!
Facts matter when dealing with deranged liars and democrats.
Lines have been crossed. Prepare to pay the price.
They know how to manipulate the rich and greedy with the promise of an easy buck.
It’s neither it says that the country is economically collapsing.
Potemkin village. Let’s see how far it can take this show of strength.
Where did so much power come from those who are blocking the 6th package of sanctions against Russia
As long as we have them doing this circus like monkeys. Good enough. Slashing rate. Increasing wages. Bribing Russians to ensure there is no criticism of the government. The old farts will be happy with pension money.
I just hope he keeps this going. The move to electric will be expedited.
Ruble is too strong for exports to be profitable. So decrease rate and ease currency exchange policy. Ruble will go up a bit. Or a lot, who knows
Russia’s oil profits have doubled in the last 3 months.
Adjusted for inflation? Nope………
Don’t be mad Russian economy is showing such resiliency. Just shows West failed.
CNN struggles to give *good news about Russia*, many of us just chuckle.
Show of strength! A Russian PR stunt is in itself a show of strength.
From 20% to 10%. We are going insane about our fed raising rates 1/4%
He’s trying to pay off the people because of they will turn on him.