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Will Russia Cut Rates Again to Combat Recession?
Thursday, June 18, 2020 - 8:57am | 83Read More...Russia's central bank meets on Friday to decide whether to cut interest rates to a record low to help stimulate the economy out of a recession. To learn more about futures and options, go to Benzinga’s futures and options education resource.
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Oaktree Capital Co-Founder On Investing In Russia, Decline In Oil Prices & Credit Markets
Tuesday, December 16, 2014 - 5:29pm | 530Read More...The Russian Central Bank surprised markets all over the world when it announced that it will be raising interest rates to 17 percent from 10.5 percent to limit the fall of the ruble. Howard Marks, co-chairman and co-founder of Oaktree Capital Group LLC (NYSE: OAK), was recently on Bloomberg to...
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Emerging Market Bond ETFs Feel Global Credit Crunch
Tuesday, December 16, 2014 - 4:40pm | 512Read More...The global credit markets received a jolt on Monday, when the Russian Central Bank increased its key interest rate from 10.50 percent to 17 percent in a single motion. That action was taken as a result of the rapid declines the country is experiencing in their currency markets along with...
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Economist Dr. Mikhail Melnik: Russian Economy Heavily Dependent On Prices Of Oil
Tuesday, December 16, 2014 - 2:56pm | 172Read More...Southern Polytechnic State University Economist Dr. Mikhail Melnik told Benzinga that the rise of oil and natural gas prices during this century helped Russia overcome the economic disarray of the 1990s. “The addiction to energy prices spread throughout the economy,” he said....
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Economist Says Russian Central Bank's Steps To Slow Deterioration Of Ruble Do Not Support Fundamental Solution, Possibly 'Counterproductive'
Tuesday, December 16, 2014 - 2:53pm | 156Read More...Speaking to Benzinga, Southern Polytechnic State University Economist Dr. Mikhail Melnik said that he understands the desperate efforts of the Russian Central Bank to slow down the deterioration of the ruble. But Melnik feels that these steps do not offer a fundamental solution and may even be...
