Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Russia raises interest rates as Ukraine tensions mount

Russia raises interest rates as Ukraine tensions mount

Russia made the unexpected move to raise interest rates to 7.5%, as fears grow over the fallout from the Ukraine crisis.

Russia's central bank upped rates by 50 basis points as tensions escalate between the West and Russia over the Ukraine. It is understood that the move is motivated by growing concerns over the financial and economic fallout from the crisis.

The rate rise came in the wake of Standard & Poor’s decision to cut Russia’s credit rating to BBB-.

On Thursday US secretary of state John Kerry accused Moscow of using 'gross intimidation' to subvert the democratic process in Ukraine with the threat of additional sanctions.

On the same day Russia ordered large-scale military exercises on the Ukranian border as Kiev sought to get rid of armed pro-Russian separatists occupying buildings and checkpoints across the east of the country.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge: what's behind the second oil crash?

Brewin's Gutteridge: what's behind the second oil crash?

This week Brewin Dolphin's research head talks to Will Riley, co-manager of the Guinness Global Energy fund, about what next for oil.  

Play AA-rated Bullas: what drove my UK small cap outperformance

AA-rated Bullas: what drove my UK small cap outperformance

AA-rated Richard Bullas has quietly been making a name for himself at the helm of the Franklin UK Smaller Companies fund.

Play Sector spotlight: how Harwood's Philbin is playing emerging markets

Sector spotlight: how Harwood's Philbin is playing emerging markets

Emerging markets have been a rollercoaster for investors, but amid the doom there have been have been bright spots, such as India. 

Your Business: Cover Star Club

Profile: CHI's bond supremo on liquidity and bond risk management

Profile: CHI's bond supremo on liquidity and bond risk management

'Some people have been extremely complacent about rate rise risk. Myself, I wish they would just get on with it.'

Wealth Manager on Twitter