Russia's central bank lowered its key interest rate from 17 percent to 15 percent today in a move few had predicted, causing the ruble to dip. This sequence of events shows the Kremlin still sees devaluation as its best friend and is eager to help banks and companies weather the crisis.
As for the Russian people, who face double-digit inflation as a result, they are just expected to be patient while their government does its best to deal with a Western attack on Mother Russia.
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