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Russian Ruble Collapse Panic Continues as Russia Doubles Interest Rates to 15% - Joe Blogs
Russia's Invasion of UKRAINE has caused Major Problems for the Russian Economy as Trade with Europe & the West has collapsed and Changes to the Global Supply Chain caused by the SANCTIONS have caused further problems. The value of the Russian Ruble has COLLAPSED over the past 12 months and despite recent Interest Rate increases and the introduction of Capital Controls the Ruble is still trading at far below historic level. The Russian Central Bank has now Hiked Interest Rates by a further 2% to a new high of 15%. This means that Interest rates have DOUBLED over the past 3 months, Interest Rate Increases are designed to reduce spending and this will have ultimately have a negative impact on the Russian Economy. In this video I provide full details and discuss the implications for Russia.
Chapters:
0:00 Intro
2:53 BANK OF RUSSIA
5:08 INTEREST RATES
7:38 INFLATION
11:32 INFLATION COMPARISON
13:20 INTEREST RATE COMPARISON
14:25 RUBLE
17:12 SUMMARY & CONCLUSION