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Compound Interest – The 8th Wonder of the World
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National Bank of Ukraine leaves interest rates unchanged at 13%
The National Bank of Ukraine (NBU) has kept interest rates on hold at 13%, it announced on Oct. 31. The decision was in line with analysts’ predictions, and comes as Ukraine braces for next week’s U.S. presidential election, Bloomberg reported. “Given that inflation has not yet peaked, and that pro-inflationary risks have even increased for […]
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Opinion: With soaring interest rates and stagflation risks, Russia will face deep economic crisis regardless of war’s outcome
The recent hike in Russia’s key interest rate to 21% by the Central Bank in late October has stirred renewed debate among media and economists about the Russian economy’s outlook and how economic trends could influence Kremlin policies. Today, few predict an "imminent collapse" of the Russian economy. However, signs of deteriorating trends and economic […]