Tuesday 16 December 2014

BBC News - Russian rouble dives despite shock rate rise to 17%

BBC News - Russian rouble dives despite shock rate rise to 17%:



"Russia's rouble has slipped back near its all-time low despite a dramatic move by its central bank overnight.



It increased rates from 10.5% to 17% in an attempt to boost the currency's value against the dollar.



The rouble has lost almost 50% against the US dollar this year as falling oil prices and Western sanctions continue to weigh on the country's economy."



'via Blog this'

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