Russian central bank raises key rate to 7.50% | Forex Factory

  • Russian central bank raises key rate to 7.50%

    From forexlive.com

    rise due to weak rouble and high inflationary risks. does not plan on cutting rates in coming months. rate hike designed to keep inflation to maximum of 6% in 2014. economic growth will continue to slow in 2014. raises rate on fx swaps to 8.5% from 8.0%. weakening rouble will have limited impact on economic growth. The rate hikes were unexpected

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Aussi
Apr 25, 2014 4:58am
Permalink
Quoting Taffy
PUTIN: Vee need more money to kill zee Ukrainians and invade Europe.

RUSSIAN ECONOMY, RE: Yes, Comrade, but zee Ruble is fooked.

PUTIN: Yes, I fully understand so let's increase zee interest rate.

RE: Not a good idea vith inflation in some regions at 18% and sanctions from zee Vestern scum. Zee vorkrs vill be angry.

PUTIN: SILENCE! Vee 'ave our vays! Prepare zee press release. Or die.
again you show how small you are taffy
Reply
Pip Anon
Apr 25, 2014 5:13am
Permalink
Quoting blurstar
If Putin is unhappy and stop selling oil and gas to Europe, all will be in big trouble.

China has signed agreement with Russia to buy ALL Russia can produce if Putin need a buyer.

Putin don't need money, but if he need, China has all he need.

What can US do? nothing beside empty talk...hahaha...!
The US is swimming in oil, so who cares. They will likely send aid for resources
Reply
frx_trader
Apr 25, 2014 5:30am
Permalink
Quoting blurstar
If Putin is unhappy and stop selling oil and gas to Europe, all will be in big trouble.

China has signed agreement with Russia to buy ALL Russia can produce if Putin need a buyer.

Putin don't need money, but if he need, China has all he need.

What can US do? nothing beside empty talk...hahaha...!
This is absolutely crazy. So, all of the problems in Ukraine is just to make Putin happy. So is he happy now?

Why don't the whole world do whatever to make Putin happy? So he can laugh at the whole world. Happy now? Good, just be happy for the whole world especially Ukraine. Make Putin laugh and happy.
Reply
ReaM
Apr 25, 2014 5:42am
Permalink
Quoting Taffy
PUTIN: Yes, I fully understand so let's increase zee interest rate.

RE: Not a good idea vith inflation in some regions at 18% and sanctions from zee Vestern scum. Zee vorkrs vill be angry.
I'm not a fundamentalist, but higher interest rates mean lower inflation
Reply
barkie
Apr 25, 2014 1:29pm
Permalink
Quoting spike00spieg
If Putin stops the gas supplies will be hard for EU, but won't kill anyone, EU we should drive less and invest the gas money in cleaner energy.
Yes, it's a massive opportunity to be independent of this mafia state. And it's a great opportunity to further develop an internal European energy market. It will boost innovation and the Ukraine can take part in this.

http://www.bruegel.org/nc/blog/detail/article/1283-can-europe-survive-without-russian-gas/
Reply
Taffy
Apr 25, 2014 4:54am
Permalink
PUTIN: Vee need more money to kill zee Ukrainians and invade Europe.

RUSSIAN ECONOMY, RE: Yes, Comrade, but zee Ruble is fooked.

PUTIN: Yes, I fully understand so let's increase zee interest rate.

RE: Not a good idea vith inflation in some regions at 18% and sanctions from zee Vestern scum. Zee vorkrs vill be angry.

PUTIN: SILENCE! Vee 'ave our vays! Prepare zee press release. Or die.
Reply
Taffy
Apr 25, 2014 5:17am
Permalink
That is the $Million question, xetruder!! I don't have a crystal ball but since the CBR intervenes a lot anyway, this will just put huge pressure on Russian oligarchs to cough up more RUB to fund the Great Putin Circus. EUR will be an interesting trade though.

My wife is from Crimea and she just lost all her property and assets to some Russian invader/thief. Let's hope everyone can seek diplomacy, rather than war, eh?
Reply
Taffy
Apr 25, 2014 5:19am
Permalink
Quoting blurstar
If Putin is unhappy and stop selling oil and gas to Europe, all will be in big trouble.

China has signed agreement with Russia to buy ALL Russia can produce if Putin need a buyer.

Putin don't need money, but if he need, China has all he need.

What can US do? nothing beside empty talk...hahaha...!

Europe does not need Russian energy supplies and now gets it from a new gas/oil field in Northern Europe. That was decided about 6 months ago and Putin got upset with that huge loss of income.

Also, China now has $12 trillion of domestic debt due to shadow banks and mass loan defaults.

US just sent troops to Poland and UK just sent troops to Ukraine.
Reply
Taffy
Apr 25, 2014 5:48am
Permalink
Quoting ReaM
I'm not a fundamentalist, but higher interest rates mean lower inflation
Good point, but the RUB money supply is screwed, so a higher rate will just make things worse, in the long term.

If only there was a Unified Equation for Economics, just like Hawking has nearly found for Physics !!!
Reply
Mingary
Apr 25, 2014 8:20am
Permalink
looks like no one wants the rouble.
Rouble = trouble? Russian economy soon to be in rubble?
Reply
armaros
Apr 25, 2014 4:51am
Permalink
go go Putin!
Reply
Taffy
Apr 25, 2014 5:06am
Permalink
I call it light-hearted, Aussi :-)

Happy Trading!
Reply
blurstar
Apr 25, 2014 5:11am
Permalink
If Putin is unhappy and stop selling oil and gas to Europe, all will be in big trouble.

China has signed agreement with Russia to buy ALL Russia can produce if Putin need a buyer.

Putin don't need money, but if he need, China has all he need.

What can US do? nothing beside empty talk...hahaha...!
Reply
blurstar
Apr 25, 2014 7:25am
Permalink
It is all started by US trying to 'rule' the world with it own rule of game, when Putin don't dance, sanction! say what Mr O?

It is clear to good mind that the red money is the under current that change the world economy one way of another, what EUR so tough and USD so soft? think about it. Don't confuse the political money with domestic money.

EUR will continue to stay high as long as US stands out for Japan and trying to block Russia, no secret.
Reply
spike00spieg
Apr 25, 2014 1:07pm
Permalink
Savage torture, kidnapping, I can't believe there are idiots defending Putin, Hope they are paid, I refuse to believe humans can be that easily manipulated when the facts are so clear.

If Putin stops the gas supplies will be hard for EU, but won't kill anyone, EU we should drive less and invest the gas money in cleaner energy.
Reply
xetrader
Apr 25, 2014 5:09am
Permalink
so what will happen?
Reply
8fingers
May 1, 2014 7:29am
Permalink
Russia is the Mexico of that part of the world. Nothing happens in either country w/o bribe money.
Reply

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