The Presidential Daily Brief

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  1. Moscow Spikes Interest Rate to 17 Percent

    Borrowers are screaming nyet. Russia’s central bank boosted rates by 6.5 percent overnight, taking the key interest rate up to 17 percent after the ruble dropped to a record low. Russian leaders are looking to salvage the currency, which has fallen more than 45 percent against the dollar since January. But pricier borrowing could grind growth to a halt.

    FT (sub), BBC

     

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