(Bloomberg) — Central bankers around the world are slashing interest rates as the economic pain from coronavirus spreads. But Bank of Russia Governor Elvira Nabiullina may find her hands tied after the ruble’s plunge this year extended to more than 22%.Most economists expect the central bank to hold the key rate at 6% at its meeting on Friday, and some say the ruble’s slide beyond 80 per dollar may justify an increase. Options markets are pricing in about 190 basis points of tightening in the next three months.The ruble rebounded a bit on Thursday after the central bank said it …read more
Source:: Yahoo Finance
