Russia's Central Bank hikes key interest rate from 10.5% to 17%

David Scutt

Scutt Partners

Russia's Central Bank hikes key interest rate from 10.5% to 17%! The move follows a 41% decline in the crude oil price, something that has led to a similar devaluation in the Russian Rouble against the USD since October 30. While aimed to be supportive of the currency and capital controls one has to think this smacks of desperation. (VIEW LINK)


Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...


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