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Quoted By: >>1402812
Translated by MistralAI
https://formiche.net/2025/05/russia-banche-inflazione-tassi-ucraina/#content
In the United States, similar scenes have been witnessed several times in the past. The most recent instance dates back to the crisis (and failure) of the Silicon Valley Bank two years ago: panicked account holders rushing to the bank to withdraw their money. Now, Russia might be heading in the same direction. Today in the former USSR, money comes at a cost of 21%, due to inflation constantly hovering around 10%. This means that keeping money in banks is becoming less and less convenient. This can also explain the growing discontent of Russian savers towards the Russian banking system.
According to the Russian Center for Macroeconomic Analysis, a think tank closely aligned with and listened to by Russian regulatory authorities, the likelihood of a "depositor run" or a bank run is significantly increasing in recent weeks. The reason is that money is too expensive. Last week, the Bank of Russia kept its key interest rate unchanged at 21% for the fourth consecutive meeting in an attempt, now more counterproductive than ever, to cool down the growing inflation caused by Moscow's invasion of Ukraine.
https://formiche.net/2025/05/russia-banche-inflazione-tassi-ucraina/#content
In the United States, similar scenes have been witnessed several times in the past. The most recent instance dates back to the crisis (and failure) of the Silicon Valley Bank two years ago: panicked account holders rushing to the bank to withdraw their money. Now, Russia might be heading in the same direction. Today in the former USSR, money comes at a cost of 21%, due to inflation constantly hovering around 10%. This means that keeping money in banks is becoming less and less convenient. This can also explain the growing discontent of Russian savers towards the Russian banking system.
According to the Russian Center for Macroeconomic Analysis, a think tank closely aligned with and listened to by Russian regulatory authorities, the likelihood of a "depositor run" or a bank run is significantly increasing in recent weeks. The reason is that money is too expensive. Last week, the Bank of Russia kept its key interest rate unchanged at 21% for the fourth consecutive meeting in an attempt, now more counterproductive than ever, to cool down the growing inflation caused by Moscow's invasion of Ukraine.
