What to Expect From the Bank of Russia Today

The video discusses the current economic situation in Russia, focusing on the ruble's decline and the potential interest rate hikes by the Bank of Russia. It highlights the challenges posed by falling oil prices and inflation. Additionally, the video examines Raiffeisen's management of a bond sale for the Russian bank VEB, which is under scrutiny due to sanctions by the US and EU. The discussion includes the legalities of such transactions under international sanctions.

What is the current state of the Russian ruble against the dollar?

• It is stronger than the dollar.

• It is stable and not changing.

• It is just shy of 55 to the dollar.

• It is at a record high.

What is the consensus estimate for the interest rate hike by the Bank of Russia?

• 4%

• 0.5%

• 2%

• 1%

According to Tim Asch, what rate hike is needed to make a significant impact?

• 0.5%

• 1%

• 2.5% to 4%

• 5%

What role did Raiffeisen Bank play in relation to the Russian bank VEB?

• It sanctioned VEB.

• It managed a bond sale for VEB.

• It acquired VEB.

• It provided a loan to VEB.

What is the main concern regarding Raiffeisen Bank's involvement with VEB?

• Violation of sanctions by selling securities internationally.

• Involvement of EU and US citizens in the transaction.

• Non-compliance with international banking standards.

• Failure to provide financial reports.