The central bank, led by Elvira Nabiullina, is fighting to halt the decline of the ruble, the world’s worst-performing currency this year. Photographer: Andrey Rudakov/Bloomberg
Russia’s biggest rate increase since the country’s 1998 default threatens to further undercut an economy already on the brink of recession, according to corporate leaders and economists in Moscow.
December 16th, 2014 at 12:40 pm
From Bloomberg, Dec 16, 2014, 4:48:40 AM
Russia’s biggest rate increase since the country’s 1998 default threatens to further undercut an economy already on the brink of recession, according to corporate leaders and economists in Moscow.
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