“The total amount of cash in circulation rose by 643.4 billion roubles (€6.53bn) in July alone, the largest monthly increase since the start of the year, according to the Bank of Russia.”
“One major pressure on households and businesses is borrowing costs. To combat inflation, the Bank of Russia raised its key rate to 21% in 2024, the highest since the early 2000s. Although the central…”
