Credit Suisse: Central Bank of Russia "Cracking" Under Pressure

Russia’s central bank may be “cracking,” A Credit Suisse report claims. When the Central Bank of Russia (CBR) surprised markets in its April 28 meeting by more sharply cutting interest rates than the consensus anticipated, the move didn’t achieve the stated goal. In the end, the nation’s interest rate environment is rather attractive for capital inflows. Central Bank of Russia says it’s looking at inflation, but Credit Suisse says currency and the price of oil is in sight When the US Federal Reserve revealed today that it did not raise interest rates at its latest Federal Open Market Committee, unanimously…