(Bloomberg) The slump in Russia’s ruble shows little sign of abating amid high currency outflows and worsening foreign trade conditions as sanctions over the war in Ukraine take their toll on the economy.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureWall Street WhatsApp, Texting Fines Exceed $2.5 BillionUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksTesla CFO Kirkhorn Exits With $590 Million F
The Russian rouble eased against the
dollar on Friday, but held most of the previous session s gains,
with all eyes on the central bank, which is expected to hike
rates for the first time in more than.
Russia’s Central Bank hiked interest rates on Friday for the first time in 16 months, as Moscow’s spending on its invasion of Ukraine, shortages across the labor market and a sharp fall in the value of the ruble trigger fresh concerns over inflation.
Russia Raises Rates for First Time Since Invasion Aftermath bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.