Quote:
Originally Posted by pornmasta
"Russia Increases Key Interest Rate to 17%" ????
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Of course, few people remember that around 1980 US interest rates reached 20%. No big deal if you look at record rates around the world at times of market stress. Today the ruble is recovering quite strongly but mind you, remember that the energy companies earn foreign currencies and a lower Ruble actually means a lower cost of production (so its not all bad).