Are Russia’s Consumers Getting “Carried Away” With Themselves?
Nov 22, 2009 Europe, Russia, Russia: In English
“Cutting rates by 50 basis points here and there is not going really diminish the appeal of the ruble,” said Manik Narain, an emerging markets strategist at Standard Chartered Bank Plc in London. “In terms of nominal interest rates Russia (at 9% as of 24 November) is still offering the highest yi...Tags: Asset Price, Central Banks, Chartered Bank Plc, Emerging Economies, Finance Minister, Financial Times, Global Asset, Global Recovery, Hammer Blows, Living Memory, Low Interest Rates, Market Space, New Finance, Nominal Interest Rates, Price Bubbles, Rates Russia, Roubini, Standard Chartered Bank, Standard Chartered Bank Plc, Weak Dollar
