Friday, April 29, 2011

But not in the UK, it appears!

Russia raises interests to fight inflation

"Russia is to raise its key interest rates for the second time this year as it attempts to control inflation. The Russian Central Bank will increase the refinancing rate from 8% to 8.25% and the deposit rate from 3% to 3.25% on Tuesday. Inflation in the year to 25 April stood at 9.6%." (China's inflation rate is up to 5.4% today).

Posted by alan @ 04:49 PM (1454 views)
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One thought on “But not in the UK, it appears!

  • Nowz as gooda time as ever.

    “Hyperinflation, food shortages.”

    Wer’e getting their Merv.

    Still long oil.

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