Russian Central Bank Hikes Interest Rate 65%!

After spending $70 billion this year to stabilize the rouble, the Russian central bank reverts to more desperate tactics…

As of Monday afternoon, it takes more than 60 roubles to buy a single dollar. The 60 mark is considered a "psychological barrier" for Russia's national currency, says the BBC's Moscow correspondent, Steve Rosenberg. The "psychology" might have been influenced by this

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