Russia raised interest rates in an emergency session of finance officials after a Kremlin aide issued a public demand that they halt the ruble’s embarrassing slide against the U.S. dollar.
"The decision is aimed at limiting price stability risks," the Russian Central Bank said in a brief statement on the 3.5% rate increase.That dramatic rate hike occurred shortly after the Russian currency declined to the point that 100 rubles wouldn’t equate to a single U.S. dollar.
Russia’s Central Bank leaped into action after public criticism from one of Putin’s top economic aides. Oreshkin’s missive wasn’t quick enough to preempt at least one outburst apropos of the weak ruble. The ticker of a Siberian news agency apparently was hacked and edited to pour scorn on Putin, despite the draconian punishments that await Kremlin critics.
France Dernières Nouvelles, France Actualités
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