Kremlin blames loose monetary policy as rouble slides past 101 vs dollar
www.reuters.com
Rouble has lost 25% of its value since the war began.

President Vladimir Putin’s economic adviser rebuked the central bank on Monday as the rouble slid past 101 per U.S. dollar, blaming its 30% year-to-date slump on loose monetary policy and revealing growing discord among Russia’s monetary authorities.

  • InvertedParallax@lemm.eeEnglish
    1·
    1 year ago

    I’m an American, we used to look up to the British and we understood why they thought of us as uncultured, unsophisticated backwoods rubes.

    We don’t have that perception anymore… :)

    • Risk@feddit.ukEnglish
      2·
      1 year ago

      Careful now, my tea-philistine-friend, or else I shall taunt you about your orange fellow.

      Ah, who am I kidding, our respective states are just two pigs wallowing in shit.

      • InvertedParallax@lemm.eeEnglish
        1·
        1 year ago

        Oh no, I know we’re waving our dangly bits in a large greenhouse with excellent access to a large rock field.

        But like, we had so less far to fall :/