Yes the Russian national bank is handling this very well, and that helps prevent hyperinflation.
Technically hyperinflation is 50% monthly inflation for at least 1 month. But there may be other definitions?
But if the Russian government persist in stressing the economy beyond what it can handle, there is a breaking point, where hyperinflation is a possibility, and not even their brilliantly led central bank can prevent it.
Putin is obviously not as smart as we once thought, and he is out of good options. He may not be able to deal with this effectively, maybe not even rationally. He may turn to Hitler strategies, where Hitler moved military forces that didn’t exist around on the map. But Putin might do it with the economy too.
There have been indications that Putin is living in a fantasy world, where he thinks he can bend reality by force of will.
They are pretty far from hyperinflation. Inflation has not even officially hit double digits.
Yes the Russian national bank is handling this very well, and that helps prevent hyperinflation.
Technically hyperinflation is 50% monthly inflation for at least 1 month. But there may be other definitions?
But if the Russian government persist in stressing the economy beyond what it can handle, there is a breaking point, where hyperinflation is a possibility, and not even their brilliantly led central bank can prevent it.
Putin is obviously not as smart as we once thought, and he is out of good options. He may not be able to deal with this effectively, maybe not even rationally. He may turn to Hitler strategies, where Hitler moved military forces that didn’t exist around on the map. But Putin might do it with the economy too.
There have been indications that Putin is living in a fantasy world, where he thinks he can bend reality by force of will.
As long as Russia has foreign oil sales they won’t need to print as much money, lowering the chance of inflation rising uncontrollably.