Russia's Shock Decision - Joe Blogs

Russia has just made another shock decision.

On April 24th, the Bank of Russia cut interest rates AGAIN — this time from 15% to 14.5%. That makes eight consecutive rate cuts in less than a year.

But here’s the problem…

Inflation in Russia is still running at 5.9%, well above the central bank’s 4% target.

So why are they cutting rates?

In this video, we break down what’s really happening inside the Russian economy — from the impact of the wartime economy and sanctions, to the growing divide between state-supported industries and the struggling real economy.

Because when a central bank starts cutting rates while inflation is still high… it usually means something isn’t working.

And in Russia’s case, the warning signs are starting to build.