Yesterday was a dark day for the Russian economy as the currency collapsed by more than 10% and the Central Bank of Russia (CBR) was forced to hike rates by 6.5% to 17% following a midnight emergency meeting. The Rouble continued its spectacular collapse today, though it was tempered somewhat at the time of writing with the CBR seemingly intervening in the market.
Note: Article has been sourced externally, and links directly to the original publication. Posted on: 17 December 2014
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