It's safe to objectively say that the Russian Federation is going through a currency crisis. As the ruble continues to decline - it tumbled to 73 against the dollar during the Tuesday trading session - the Bank of Russia announced that it has raised its short-term interest rate … [Read more...]
Bank of Russia Interest Rates Unchanged because of Inflation
The Bank of Russia announced Friday that it would keep interest rates the same because of growing inflation due to Western sanctions, according to its annual monetary policy strategy document. The central bank’s decision caused the ruble to fall to a new all-time record low of 37.938 … [Read more...]
