Council.gov.ru Elvira Nabiullina as seen in 2017. When Russia’s central bank surprised economists on July 21 by hiking interest rates a full percentage point, double the expected increase, it should have buoyed the ruble – which had been on a downward trajectory since December. Yet the Russian currency continued to tumble against the U.S. dollar...
‘Crisis of confidence’: Ruble’s plunge prompts policy clash in Russia as costly war drags on
By Todd Prince/Radio Free Europe/Radio Liberty8 Mins Read