Previous Story
Why Currency Crises Are Rarely Solved By Rate Hikes
Posted On 18 Dec 2014
Comment: 0
Dec. 18 (Bloomberg) — Russia’s central bank has failed to shore up the ruble, despite ramping up rates to 17%. Tom Mackenzie takes a look back at other examples of countries that raised rates to bolster their currencies, and the fallout from those decisions. (Source: Bloomberg)