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View Full Version : Russia Cuts Benchmark Rates to Spur Stumbling Economy - Bloomberg



NewsWhore
04-23-2009, 05:19 AM
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Russia Cuts Benchmark Rates to Spur Stumbling Economy (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3DayDwAWBrjTnQ%26refer%3Dhome&cid=0&ei=ZzTwSZ2CLODemQevif3pAQ&usg=AFQjCNHmrUGeVfA2gASWaM6xncnkWLoJ0g)
Bloomberg
Borrowing costs were trimmed to reverse a 35 percent drop in the currency, spurred by falling oil prices after investors pulled money out of ruble-denominated assets. The ruble extended gains against the dollar and the euro after the announcement, ...


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