The ruble’s world-beating rally is enabling Russia to do something it wouldn’t have thought possible a few months ago: Rebuild currency reserves that slumped $120 billion in less than a year.
Showing posts with label Bank of Russia. Show all posts
Showing posts with label Bank of Russia. Show all posts
11/27/2014
Russia Weighs Monetary Easing Next Year
The Bank of Russia is considering potential monetary easing starting from the second half of next year, Governor Elvira Nabiullina said.
10/29/2014
Ruble Weakens to Record on Concern Russia to Expedite Free Float
The ruble weakened to a record for the fifth day on concern Russia will quicken its move to a free float after more than $20 billion of currency interventions this month failed to halt the depreciation.
10/21/2014
Russia Rating Cut by Moody’s on Sluggish Economic Growth
Russia’s ruble dropped and sovereign bonds were little changed after the country’s credit rating was cut to the second-lowest investment grade by Moody’s Investors Service amid sanctions over Ukraine.
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