PUTINFLATION:
According to media reports, the russian Central Bank is considering the possibility of "freezing" deposits of individuals as an alternative to raising the key rate.
According to insiders, the head of the Central Bank, Elvira Nabiullina, appointed a special commission to assess… pic.twitter.com/IcdXR3Vn9p
— Jürgen Nauditt 🇩🇪🇺🇦 (@jurgen_nauditt) January 8, 2025
Reminds me a bit of FDR’s “bank holiday” and I suspect it would do just as much damage to Russia’s business climate (not to mention consumer sentiment) as FDR did.