Inflation Targeting Madness: Russia Raises Rates Again

Elvira Nabiullina, governor of Russia's central bank, gestures during a rate decision news conference in Moscow, Russia, on Friday, March 13, 2015. Russia's central bank lowered its main interest rate in line with most economist forecasts, as stabilizing inflation clears the path to boosting an economy buckling under low oil prices and sanctions over Ukraine. Photographer: Andrey Rudakov/Bloomberg *** Local Caption *** Elvira Nabiullina
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