Interest rates have no effect or extremely little effect on inflation , its the fiat availability that does, if they drop rates and no one lends, then inflation will not rise
Interest rates have no effect or extremely little effect on interest rates, its the fiat availability that does, if they drop rates and no one lends, then inflation will not rise
Doverman they wont go bankrupt, unfortunately if you dont look a bit deeper. The average cost in russia is just above 40 dollars but they have in certain parts as low as 20 dollars a barrel. Done believe the hype, plus Russia supplies most of the world's commodities.