We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Hole in the water

30 January 2015 By George Hay, Pierre Briançon

A surprise interest rate cut suggests the central bank is more concerned about the economy than the value of the currency. Worries about the banking sector’s solvency could explain the move. The downside: Russia could end up with both high inflation and a deep recession.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)