Share
Some serious crap is happening in Russia.
Russia is not a country you want falling into another decade bankrupt banks and financial institutions.
Russia Shocks With Emergency Rate Hike, Boosts Interest Rate From 10.5% To 17%
Submitted by Tyler Durden on 12/15/2014 - 17:05 
Following the biggest rout to the Ruble in ages, Russia - unlike Mario Draghi - instead of talking the talk decided to walk the bazooka walk and shocked all those long the USDRUB by unleashing an emergency rate hike (at 1 am in the morning) from the recently raised interest rate of 10.50% to... hold on to your hats... 17.00%, a 650 bps increase!
http://www.zerohedge.com/
Russian Central Bank hikes key interest rate to 17%
Published time: December 16, 2014 00:05
Get
The Central Bank of Russia has increased its key interest rate to 17 percent in order to curb the inflation risks and rapid devaluation of the national currency, which hit a historic low of 64 rubles against the US dollar in Monday evening trading.
http://rt.com/business/214635-russia-raises-key-rate/
