MindzEye
Wayward Ditch Pig
Also keep in mind that she's lying and she knows it because she's a very talented economist and that's her role in the Putin regime. The current central bank rate is 16.5%. They already struggle to sell government bonds at that 16.5% rate (I've posted multiple threads before, but prune60 on blueski keeps regular track of their bond auctions) and have resorted to what is basically a bond matryoshka doll with banks and energy companies buying bonds at the direction of the Kremlin to support the yields being this "low", putting those bonds with returns as assets on their balance sheet and then offering their own bonds and securities. If the rates went down to even 8-10%, inflation would blow the doors off of the economy. Official inflation rates are about 8% right now (which aligns with the worst we saw during the post covid inflation event) but most unofficial estimates have it at about 15-16%, though a few measures have it at 70% cumulative since Feb 2022.
If they're running at ~15% inflation while keeping interest rates at 16.5%, even lowing the interest rate a few points would probably see them creep up towards Argentina level inflation.
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