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Russia Hikes Rates For First Time Since 2014 Amid EM Angst, Sanctions Jitters
For the second time this month, an emerging market central bank has hiked rates in the face of political pressure to do the opposite.
On September 6, while speaking at a conference in Moscow, Russian Prime Minister Dmitry Medvedev said the following about the economy and monetary policy:
It’s necessary to move from neutral to stimulating oversight of the credit sphere to create conditions for more confident economic growth. Interest rates remain quite high despite the successes in holding
