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Pivoting the entire economy to a war footing not only drives up imports but also raises the prospect of worsening inflation. #russie #military #economic [ https://www.euronews.com/2023/08/14/russian-central-bank-to-hold-an-extraordinary-meeting-as-rouble-tumbles ]
The Bank of 🇷🇺 Russia hoisted interest rates to their highest level in over a year Tuesday, after policymakers held an emergency meeting to address the (₽) ruble's sudden plunge. [ https://www.reuters.com/markets/europe/russian-central-bank-hikes-rates-by-350-bp-12-extraordinary-meeting-2023-08-15/ ]
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