December 23, 2014

BCA Research on Russia: The Day Of Panic

The USD/RUB has fallen 15% since the surprise 650 basis point rate hike on December 16, a clear signal that Russian policymakers have lost credibility with investors. The ruble’s collapse is fundamentally a manifestation of political uncertainty, and it can be directly linked to a collapse in confidence by both domestic investors and depositors.

Read the full report by BCA Research.