Russia S&P Global Services PMI declined to 50.5 in September from previous 52.3

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USD/RUB: The Ruble’s problems are not down to domestic interest rates – Commerzbank

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Share: USD/RUB has suddenly gone exponential. Economists at Commerzbank analyze Ruble’s outlook after the Russian central bank (CBR) extraordinary meeting. Russia’s key rate hike that serves nobody It did not do much for the Ruble that the CBR hiked its key rate from 8.5% to 12%. The Ruble’s problems are not down to […]