Quote:
Russia's central bank made a drastic interest rate move overnight, raising its key rate from 10.5% to 17%.
The bank said the move was to try to ease the rouble's recent fall in value.
The rouble has lost almost 50% against the US dollar this year as falling oil prices and Western sanctions continue to weigh on the country's economy.
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http://www.bbc.co.uk/news/business-30490082
Reminds me of the sort of rates we were paying on our first mortgage.
Anyway, no doubt Putin will be making it quite clear to his people that this has nothing to do with his actions and is solely the result of an unwarranted attack by the west on the proud people of Russia...