Russian rouble dips in Moscow, down near 25% over 4 weeks - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The Russian rouble fell in light trading in Moscow on Friday, with trading on separate exchanges stabilising beyond 100 to the dollar, after the central bank opted to hold rates at 20% and said it would start purchasing OFZ government bonds.

The central bank kept its key interest rate unchanged on Friday, in line with a Reuters poll of analysts, following an emergency rate hike in late February, but warned of higher inflation and an economic contraction this year, without giving new forecasts.

US President Joe Biden sought to prevent Beijing giving new life to Russia’s troops in a video call with President Xi Jinping on Friday as stalled Russian forces pressed on with bombardments of towns and cities. Trading on the stock market section on the Moscow Exchange has been closed for weeks but currency trading has continued.

Evgeny Suvorov, economist at Centro Credit Bank, said the bank had made clear this was a temporary measure to limit financial stability risks, and not akin to the US Federal Reserve and European Central Bank’s quantitative easing schemes.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I'm sharing this because this was exactly how i saw so many posts about William church and how he was helping individuals with their trades and i decided to give it a try and luckly it went well, Contact him via his profile link below 👇👇 Williamchurch07

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Anni Dewani’s killer granted parole - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Zola Tongo, the man who was found guilty of the murder of Swedish woman Anni Dewani in Cape Town and sentenced to 18 years in jail, has been granted parole. AnniDewani ShrienDewani Only to commit more crimes 🙄 Seriously!! YOH
Source: SABCNews - 🏆 37. / 51 Read more »