Navigating High Interest Rates in Russia

This chapter focuses on the Russian central bank's drastic interest rate hikes in response to rising inflation, reaching 21% to combat economic pressures. It explores the implications of these high rates on borrowing and the overall economy, as well as the challenges faced by the central bank regarding potential rate cuts amidst historical fears of hyperinflation. The discussion also touches on the effects of economic sanctions and public sentiment, providing insight into the complexities of Russia's current financial landscape.