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Siluanov's Budget Trap: Government Spending and the Central Bank Rate

https://ymaho.com/siluanov-s-budget-trap-government-spending-and-the-central-bank-rate

The Ministry of Finance acknowledged the growth of government spending and the impossibility of lowering the Central Bank rate in 2026. Who wins and who loses? Analysis of consequences for the budget, OFZ bonds, and gold.

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