🧵 1. Russian Central Bank to hold urgent meeting as rouble hits 17-month low amid rising military spending and Western sanctions. #world
🧵 1. Russian Central Bank to hold urgent meeting as rouble hits 17-month low amid rising military spending and Western sanctions. #world
🧵 3. President Putin's economic advisor blames weak rouble on loose monetary policy, stresses importance of strong currency for Russian economy.
🧵 2. Rouble bounces back after Central Bank's announcement to review key interest rate, suggesting possible borrowing cost increase.
🧵 5. Russians express concerns over weakening currency, fear rise in prices and decline in standard of living. Hope for temporary fall and stabilization.
🧵 Read more at: https://www.euronews.com/2023/08/14/russian-central-bank-to-hold-an-extraordinary-meeting-as-rouble-tumbles
🧵 4. Currency weakened by increased defence spending and falling exports, particularly in oil and natural gas sector.