In the News
Russia raises interest rates to 17% to protect the currency
Geoff Riley
16th December 2014
One of THE important global macroeconomic stories to keep up to speed with in the weeks and months ahead. The Russian economy is being hit by the external shock of the steep fall in global crude oil prices (one of their major exports) together with the effects of ever-tightening sanctions from the USA and other western nations.
- Economics
- Blog
- In the News
- Russia
- Bric economies
- Managed Floating Currency
- Currency war
- Competitive devaluation
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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