Monday 5 April 2010

No 104: Russian Interest Rate Cut

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THIS article will of course be of interest to our friends from Russia.

However, it is also interesting to the rest of us, to remind us that not all countries have very low interest rates, and therefore that some countries are still able to use interest rate cuts in order to boost the economy.


The full article is here, but it doesn't really explain much, Perhaps some of you Russia experts can suggest why interest rates there are relatively high, and how this affects things such as house buying.

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