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huge-russian-rate-hike-plays-roulette-with-the-economy

Huge Russian rate hike plays roulette with the economy

Written by Dr Richard Connolly. Russia's Central Bank has raised its key interest rate from 10.5% to 17% in an emergency move that is designed to halt the ongoing collapse of the rouble, which has accelerated in recent weeks. The dramatic intervention comes after the rouble suffered its worst one-day fall since the August 1998 financial crisis.

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Published 16 December 2014

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