The Russian central bank has announced that it has raised the reference rate by 100 basis points, taking it from 9,5 to 10,5% with the aim of curbing the collapse of the ruble and to slow down the pace ofinflation which stands at around 9%. But the move has not brought about the effects desired by Moscow.
Despite the provision of the Russian central bank also today the ruble continues to depreciate both against the dollar and against the euro. At 15 the exchange rate between the euro and the ruble stood at 68.57. The data showing the relationship with the dollar should be underlined: for the first time the threshold of 55 rubles has been exceeded.
