KCSM Newsline December 31, 2014
Detained and sent home. The president of the association of russian banks wants the countrys central bank to review its decision to sharply raise Interest Rates. The bank of russia raised rates from 10. 5 to 17 in middecember. This is meant to stop the sharp depreciation of the ruble following a plunge in crude oil prices. They talked to nhk about the importance of the review. Translator Financial Institutions have no choice but to raise their Interest Rates on loans. Some firms can no longer borrow from the banks. This is negatively affecting russias economy overall. He said raising the rate ...