5min chapter

Forward Guidance cover image

The Central Bank Of Russia Is On The Defensive with Joseph Wang & Frances Coppola

Forward Guidance

CHAPTER

The Risks of a Devaluation of the Ruble

Russia floated the ruble in 2014 and used its reserves to smooth the descent. Some members of the Duma decided to launch legal action against Napa Alina for treason. She hiked interest rates to 17.5% then, but it was really her defense against the allegation of treason. It's entirely possible that she's pulling the same trick again, because she can't easily defend the ruble.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode