{"id":909,"date":"2014-10-31T11:23:16","date_gmt":"2014-10-31T15:23:16","guid":{"rendered":"http:\/\/olduvai.ca\/?p=909"},"modified":"2014-10-31T11:23:16","modified_gmt":"2014-10-31T15:23:16","slug":"despite-surprise-rate-hike-russian-ruble-crashes-most-in-6-years-zero-hedge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=909","title":{"rendered":"Despite Surprise Rate-Hike, Russian Ruble Crashes Most In 6 Years | Zero Hedge"},"content":{"rendered":"<p><a href=\"http:\/\/www.zerohedge.com\/news\/2014-10-31\/despite-surprise-rate-hike-russian-ruble-crashes-most-6-years\">Despite Surprise Rate-Hike, Russian Ruble Crashes Most In 6 Years | Zero Hedge<\/a>.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.zerohedge.com\/news\/2014-10-30\/russian-ruble-soars-over-5-intervention-rate-hike-rumors\"><strong>Yesterday&#8217;s record-breaking surge in the Ruble<\/strong>\u00a0appears, as we warned,<\/a>\u00a0to have been front-running today&#8217;s rate-hike announcement&#8230; and despite its surprise size, it is disappointing the market. The 5%-plus swing higher in the Ruble yesterday has been notably retraced as the Russian currency plunges (biggest drop in almost 6 years) after the\u00a0<strong>central bank hiked rates 150bps<\/strong>\u00a0(expectations were broadly of a 50bps hike) but it appears the &#8216;whisper&#8217; number was a 200bps hike and a shift in FX policy to more active intervention. The inituial rip rally instantly faded and\u00a0<strong>despite low liquidity due to Russian holidays, USDRUB is back over 43 &#8211; which would be a new record low close if it holds<\/strong>.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">Russian Central Bank disappointed&#8230;<\/p>\n<ul>\n<li><strong>*RUSSIAN CENTRAL BANK RAISES KEY RATE TO 9.50% (up from 8%)<\/strong><strong>\u00a0<\/strong><\/li>\n<li><strong>*BANK OF RUSSIA\u00a0<span style=\"text-decoration: underline;\">DOESN&#8217;T ANNOUNCE CHANGES TO FX POLICY<\/span><\/strong><\/li>\n<li><strong>*BANK OF RUSSIA SEES SIGNS FOR SLOWING INFLATION IN MID-TERM<\/strong><\/li>\n<li>*BANK OF RUSSIA READY TO EASE IF EXTERNAL CONDITIONS IMPROVE<\/li>\n<\/ul>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite Surprise Rate-Hike, Russian Ruble Crashes Most In 6 Years | Zero Hedge. Yesterday&#8217;s record-breaking surge in the Ruble\u00a0appears, as we warned,\u00a0to have been front-running today&#8217;s rate-hike announcement&#8230; and despite its surprise size, it is disappointing the market. The 5%-plus swing higher in the Ruble yesterday has been notably retraced as the Russian currency plunges [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[693,694,695],"class_list":["post-909","post","type-post","status-publish","format-standard","hentry","category-economics","tag-ruble","tag-russia","tag-russian-central-bank"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=909"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/909\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}