Ruble Plunges to All-Time Low as Oil Slumps

On December 2nd, John Dawson discusses the ruble's plunge to a historic low, driven by oil price slumps and speculation of Russian Central Bank intervention. Russia faces its worst economic slowdown since 2009, with Moody's downgrading its credit rating. Meanwhile, Australia's RBA is expected to maintain interest rates, with potential cuts in the future. The focus is on the language used by RBA Governor Glenn Stevens.

What was the main reason for the Russian ruble's significant drop?

• Intervention by the Russian Central Bank

• Speculation due to falling oil prices

• Increase in global oil prices

• Economic sanctions by the EU

What economic challenge is Russia facing according to the transcript?

• A trade surplus with the EU

• A significant increase in unemployment

• The worst economic slowdown since 2009

• The highest inflation rate in a decade

What significant event occurred for the first time since Prime Minister RV took office?

• An increase in oil production

• A trade agreement with the EU

• A downgrade by Moody's

• A rise in the ruble's value

What is the current interest rate decision by the Reserve Bank of Australia?

• To eliminate the interest rate

• To maintain the rate at a record low

• To decrease the rate by 0.25%

• To increase the rate by 0.5%

What is the anticipated action by the RBA within the next 12 months?

• A quarter-point rate cut

• A half-point rate increase

• No change in the interest rate

• A new monetary policy framework