LeapRate's Russian editor Maria Nikolova explains why high interest rates and rapid inflation benefit indebted commercial enterprises, and provides a profound economic lesson learned by purchasing a plastic cup for 3,000 rubles
Read moreGlobal foreign exchange reserves may have fallen in the third quarter for the first time since the financial crisis as central banks stepped up interventions to prevent their currencies from falling too sharply. As the U.S. Federal Reserve gears up to raise interest rates next year, dollar-funded "carry trades", in which traders borrow in low…
Read moreThe Monetary Committee reduces the interest rate for August 2014 by 25 basis points; even though leaving the rate unchanged at 0.75% was the popular view amongst economists
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