JUST IN - Russia’s central bank raises its key interest rate to 12% from 8.5% at an emergency meeting after the ruble crashed - The Great Awakening - Where We Go Qne, We Go All!

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JUST IN - Russia’s central bank raises its key interest rate to 12% from 8.5% at an emergency meeting after the ruble crashed (media.greatawakening.win)

posted 1 year ago by 17JCsCrib26 1 year ago by 17JCsCrib26 +180 / -1

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– HOSEQ 4 points 1 year ago +4 / -0

Either way, raising Interest serves just one purpose, to Remove that one Currency, so maybe they're trying to get people OFF of the central Banks Currency and moved over to the NEw stuff.....

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– TomPaineSentMe 2 points 1 year ago +2 / -0

Raising interest rates are intended to get investors to support the ruble, is it not?

12% interest is a way of mitigating the risk. If the ruble is shaky you may not put your money there at 3%. At 12% it's a different calculation.

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