The tumbling rouble reversed course late on Monday, rising back to the strong side of 100 against the dollar after Russia’s central bank announced an extraordinary policy meeting for Tuesday.
The tumbling rouble reversed course late on Monday, rising back to the strong side of 100 against the dollar after Russia’s central bank announced an extraordinary policy meeting for Tuesday.
Ignoring the government’s flim flam, here’s what is actually happening:
In some ways, that matches with conditions in the US that led to the recent spate of inflation.