As Russia is finding that its central bank lacks the control skills of the U.S. Federal Reserve, it will nonetheless continue in its efforts to manipulate the falling Russian Ruble as the price of oil, a key Russian revenue source, plunging in front of the currency. As the Central Bank of Russia unexpectedly hiked its key interest rate from 10.5 percent to 17 percent, a Natixis research report says it won’t be enough. Central bank’s efforts to reserve the free fall of Russian Ruble “In the absence of a political response to the situation,” the report says, likely pointing to…
As Russian Ruble Slides, Putin Under Extreme Pressure
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.