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Archive for December, 2014

Russia loses interest rate gamble

Russia’s rate rise had the opposite of the desired effect yesterday, forcing the Rouble lower by as much as 25% at one point, before regaining a modicum of composure later in the session. At it’s peak the rouble was trading at 80 per US Dollar and broke through 100...

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Russia hits panic button with 6.5% interest rate hike

Russia hit the panic button last night, raising their interest rate to 17%, just days after they’d increased it from 9.5% to 10.5% at their scheduled monthly meeting. The hike is a bid to stop the freefall of the Rouble, which hit a price of 80 to the euro...

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NEWS FLASH….. Income Protection is for anyone who relies on their icome to fund their lifestyle

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