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• 30th January 2009

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Russian economic news
Topic Started: Oct 26 2008, 08:42 PM (24 Views)
Russian Federation	Oct 26 2008, 08:42 PM Post #1
Smily Herder Posts: 7,158 Group: Admins Member #2 Joined: Sep 29, 2008	The Central bank of Russia, today announced a rise in interest rates to 4.6% (a rise of .4%), in response to rising inflation, the move has been criticised by some observers who stated that the rise in rates is not what is needed when the credit markets are experiencing a constriction in credit flow and many Russians are having difficulty getting loans, the government has stated these economists are overstating the credit issue and that inflation must be brought under control in order to help Russian families.
Russian Federation	Nov 5 2008, 12:44 AM Post #2
Smily Herder Posts: 7,158 Group: Admins Member #2 Joined: Sep 29, 2008	Following the rise in oil prices, the Ministry of finance reported it would be adding an additional $10 billion worth of sovereign debt securities from the west, focussing on Germany, America and Britain, these will be bought from commercial banks.
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