Russian Central Bank Roulette: Rubble the Ruble or the Banking System?

On Friday the Central Bank of Russia surprised pretty much everyone by cutting its policy interest rate from 17 percent to 15 percent. Bloomberg lays responsibility at Putin’s feet, and no doubt he had to approve. But the evidence the article cites is not dispositive by any means. Yes, Central bank Governor Elvira Nabiullina had […] View the full post at: Russian Central Bank Roulette: Rubble the Ruble or the Banking System? Related posts: Bernanke Warns Congress Not to Limit the Central Bank’s Independence Banking: The Finance and the Macro View Bad Bank(s) and Recapitalisation of the Banking Sector
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