Should Russia’s tumbling rouble get a helping hand, too?
Central banks from developed nations to emerging markets have made emergency rate cuts to help their battered economies, but not Russia...
18 March 2020 - 19:19
Russia’s rouble tumbled the most in emerging markets on Wednesday, erasing more than a fifth of its value so far this year after Brent crude sank below $27 per barrel.
Fears of a worldwide recession and a flight to the dollar are squeezing all risky assets, but the markets of the world’s biggest energy exporter are being hit particularly hard after Russian President Vladimir Putin plunged into an oil-price war with Saudi Arabia...
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