Part 4/10:
The Russian Central Bank's attempts to counteract inflation by increasing interest rates from 7.5% in mid-2023 to a staggering 21% has led to further complications. While raising rates can help control inflation, it can simultaneously stifle economic growth by making borrowing prohibitively expensive for both consumers and businesses. Such measures have led the economy into a precarious tightrope, with the possibility of a disastrous fall looming.