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“Russia Raises Key Rate to Record 21% as Inflation Persists”

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Author: climateer
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Madame Nabiulina is extremely competent and if this was a purely technocratic exercise she could knock off work at 10 am and go shop for brooches. But it’s not purely technocratic. She, as much as anyone in the upper reaches of power in Moscow knows the human impact of the bank’s policies and that human impact is going to start depressing the populous, boom economy or not..From Bloomberg,
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