Russia Holds Rates First Time This Year After Ruble PlungeBy and
Ruble's 45% drop against dollar is stoking inflation in Russia
Central bank looks past recession amid ruble, inflation risks
Russia’s central bank left interest rates unchanged for the first time this year after the ruble’s crash deepened with slumping oil prices, arresting an easing cycle that’s so far failed to reverse the nation’s first recession since 2009.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.