I would like to start a conversation about why prices are rising and how this is relat to the economy. Start with general brushstrokes and then move on to the specifics.
Russia is seeing an increase in the key rate, which at the end of July was 16% and could be increas by 1-2 points. Economists believe that it could reach 17% or even 18%.
Why the country is raising the key rate
As a rule, increasing during btc database periods the key rate helps to ruce inflation. How does this happen? With an increas key rate, banks offer high interest rates on bank deposits, for example 16%, 17%, 18%. People are interest in receiving guarante high interest rates, so they start putting their money in the bank, thereby rucing the amount of money they spend on food and consumer goods. Logically, this ruces demand and prices begin to weaken, inflation decreases. This is in theory.
However, in during periods practice, raising the key rate does not always lead to a significant ruction in prices. Manufacturers and suppliers of goods, receiving less income from sales due to high interest rates on loans, are often forc to raise prices to compensate for their costs.
What should people do in the face of rising inflation?
Avoid borrowing money
Of course, it during periods is worth giving up loans, especially consumer loans, because in the conditions of an increas key afb directory rate, loans are issu to individuals at a high interest rate. I advise you to try to live only on your own funds and consciously make a choice in favor of giving up some momentary desires, and plan larger expenses in advance.
Place funds in during periods a step-by-step guide to integrating generative ai in your business bank deposits
It’s simple, easy and reliable. Guarante interest is available to everyone. It is important to remember that bank deposits are insur up to 1.4 million rubles. Amounts above this amount are not insur, so be careful and place your funds in reliable top banks.