Everyone who has funds in rubles has been given a deadline of December 20

December 20, 2024 will be a landmark event for the Russian economy: the Bank of Russia increased the main interest rate from 21% to 25%, which could initiate significant changes. What could be the consequences?

Key Bet: Expectations and Consequences

The key rate increase is aimed at combating inflation, which is increasing under the influence of a number of factors:

1. Increase in recycling fees for cars – increases prices and transport costs, contributing to inflation.
2. Increase in housing and communal services tariffs in 2025 – can reduce purchasing power and increase inflation, causing social tension.
3. Geopolitical instability and sanctions – cause fluctuations in exchange rates and affect inflation, reducing investment activity.
4. Budget deficit – increase in social spending and decrease…