Fragments of a blog
Fragments of a blog
The Russian Central Bank’s decision to cut the key rate by 2 percentage points from 17% to 15% seems like an act of abdication, of renouncing its own independence. Actually the end-of-independence signal came in earlier, when Dmitry Tulin was…
A follow-up on P.’s speech. Betters, or speculators, operate in every forex market worth its name. Some traders believe that the Central Bank of Russia (CBR) interferes from time to time to punish market players who bet on outcomes the CBR finds undesirable.…