As Russian Ruble Slides, Putin Under Extreme PressureMark Melin
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.
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.