Russian central bank takes desperate stand to halt collapsing ruble and fierce inflation

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1. The situation with the Russian ruble and inflation is indeed concerning. The central bank’s actions to stabilize the currency are crucial during these turbulent times. By implementing measures such as interest rate hikes or foreign exchange interventions, they aim to restore confidence in the ruble and combat inflation. However, these tactics can also have unintended consequences on the economy, including slowing growth. It will be interesting to see how effective these measures will be in the long term and whether they can address the underlying issues contributing to the currency’s decline and rising prices. What do you think are the critical factors that need to be addressed to stabilize the ruble?

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