this post was submitted on 01 Nov 2024

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Russian Central Bank chief says “more drastic changes” needed as the country’s rumbling war economy drives inflation far above target levels (www.themoscowtimes.com)

submitted 2 weeks ago by Cephalotrocity@biglemmowski.win to c/ukraine@sopuli.xyz

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cross-posted from: https://feddit.org/post/4321457

Russian Central Bank Governor Elvira Nabiullinawarned comments, made to a group of State Duma lawmakers, come a week after the Central Bank hiked its key rate to a record-high 21%, taking it even further than the emergency rate of 20% initially introduced after the February 2022 invasion of Ukraine.

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[–] AmidFuror@fedia.io 13 points 2 weeks ago

They could call off the war.

[–] MushuChupacabra@lemmy.world 10 points 2 weeks ago

Vladimir Putin falling out of a window would be a drastic change, and would start the long journey to economic recovery.