Ruble Gets a Boost after Central Bank of Russia Policy Shift
Change to a free-floating exchange rate has made currency less of a one-way bet, but Russia’s economy remains under pressure.
Craig Mellow
November 12, 2014
Elvira Nabiullina, chairman of Russia's central bank, speaks during a news conference to announce interest rate decisions in Moscow, Russia, on Friday, Sept. 12, 2014. The bank held its benchmark interest rate as policy makers weigh the effects of tit-for-tat sanctions on the economy and inflation. Photographer: Andrey Rudakov/Bloomberg *** Local Caption *** Elvira Nabiullina
Andrey Rudakov/Bloomberg
