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The Central Bank Of Russia Is On The Defensive with Joseph Wang & Frances Coppola
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The Bank of Russia's Decision to Hike Interest Rates to 20%
The Bank of Russia is required by law to defend the value of the ruble. The standard playbook for a central bank when they have their currency collapse is to raise interest rates. Joseph: When I look at 20% interest rates, I want to buy rubles. It's 20%. That's pretty awesome, right?
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