"It's Over": Central Bank of Russia Gave Up on Inflation Control - The Russian Dude [View all]

For many years the Central Bank of Russia tried everything possible to maintain extremely fragile Russian economy. The first shock came in 2014 after Crimea annexation. Then there was 2022 invasion. And with each day passing, the situation got worse and worse. Elvira Nabiullina tried to do everything possible to save the day, but Putin just kept making things worse. Interest rates were increased, but Putin still increased the military spending. In the end, the only ones who left hurting were the regular people of Russia. And so, as of recently, it looks like, that the Central Bank of Russia has completely gave up on inflation control.