Ruble Drops to August Low as Inflation Risk Postpones Rate CutBy and
`Illogical to cut now' amid consumer-price risk: Citigroup
Currency's next move `depends on oil,' RenCap analyst says
The ruble slumped to the lowest since August as oil’s slide below $40 per barrel prompted the central bank to keep interest rates on hold to avoid stoking inflation.
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.