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View Full Version : Russia Cuts Rates to Spur Growth on Stability Signs - Bloomberg



NewsWhore
06-04-2009, 07:01 AM
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Russia Cuts Rates to Spur Growth on Stability Signs (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601085%26sid%3Da3SFR_FbSuSg%26refer%3Deurope&cid=1254171308&ei=EqwnSuuiE8iwmQf1x5DfAQ&usg=AFQjCNEWGpbeNM_dvK9m8dGhFnIyv0HWYw)
Bloomberg
The rate cuts in April and May were the first since the bank increased the cost of money to arrest the ruble&#39;s 30 percent drop since August and prevent lenders using borrowed cash to speculate on the currency&#39;s decline. ...


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