Russia moves cautiously to halt rouble's slide

01/29/2009 | Economist (free content), The

The Bank of Russia revised its policy toward the rouble, effectively signaling its intention to end the currency's slow decline on world markets. The change widens the central bank's trading band and gives the bank considerable flexibility to defend the rouble, leading some analysts to conclude the bank is trying to outwit currency speculators.

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Economist (free content), The

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