179 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 47 comments download share 47 comments share download save hide report block hide replies
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.