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Russia's Shock Decision - Joe Blogs
Russia has just made a shock economic decision… and it doesn’t make sense.
Despite inflation still running well above target, the Bank of Russia has CUT interest rates — a move that goes completely against traditional economic policy.
So what’s really going on?
In this video, I break down:
• Why inflation in Russia is still a major problem
• What’s happened to interest rates since the war in Ukraine began
• Why economic growth is now slowing sharply
• And why this latest move could actually make things worse
With global prices now rising again due to escalating tensions involving Iran, Russia could be heading into another wave of inflation — just as it’s loosening policy.