The Rouble struggled again yesterday, falling nearly 3% against the US dollar. The Bank of Russia Governor Nabiullina is leaving it to the market to judge when the Rouble collapse will pose a threat to their financial stability.
However, Nabiullina will have a tough decision to make if oil keeps tumbling, and they have to raise interest rates during a recession. While the tumbling prices have set off alarms for many economists, President Vladimir has actually suggested that there is a benefit, as the rates are opening up additional opportunities.
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