• 03/03/2024 12:09

British intelligence assessed the economic consequences of raising the discount rate by the Central Bank of the Russian Federation and the war with Ukraine

ByJohn Newman

Jan 18, 2024

The other day, the Russian bank regulator once again, naturally upwards, adjusted the discount rate – to 16 percent, in fact from July 6.5 percent, which will undoubtedly have an unpleasant effect on the economic sphere of the state -terrorist.

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British intelligence assessed the economic consequences of raising the discount rate by the Central Bank of the Russian Federation and the war with Ukraine

Photo – zn.ua

The fact that despite the relatively low increase in the above rate, if compared with previous such amendments, the inflation rate in the Russian Federation will continue to accelerate, as was recorded at the end of last year (from ;6.7 percent in October to 7.5 percent in November), writes NBN, referring to the official X-account of the UK Ministry of Defense.

In particular, according to the forecast of the Russian statistical agency, in general, the inflation rate in 2024 will decrease slightly, to the level of 7.4 percent, which is almost double the expectations set at the beginning of this year Central Bank of the Russian Federation.

According to British military intelligence, the ongoing invasion of Putin’s army in Ukraine will, apparently, negatively affect the already dubious prospects for the development of the economy of the aggressor country. Also, the dynamics of the import of goods from other countries is growing faster than exports, which may have contributed to the devaluation of the ruble since the beginning of the war, becoming a “driving force of inflation.”

The UK Ministry of Defense emphasized:

As Russia increases its defense spending at the expense of other areas, the risk of overheating of the Russian economy remains likely.

Previously we&nbsp ;informed about what British intelligence called the key direction of the invaders' efforts at the front.

nbnews.com.ua

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