Russia Unexpectedly Raises Interest Rates to 17%

The video discusses the collapse of the Russian ruble, driven by a 17% interest rate hike by the Central Bank, oil price drops, and Western sanctions over Ukraine. The ruble's value has halved, marking the steepest decline since Russia's 1998 default. Emerging markets are also affected, with significant foreign outflows from US exchange-traded funds. The situation is compared to the 1998 financial crisis, highlighting changes in foreign reserves and exchange rate flexibility. The video concludes with a focus on market liquidation trends.

What was one of the main reasons for the collapse of the ruble?

• Strengthening of the US dollar

• Rise in global oil prices

• Western sanctions over Ukraine

• Increase in foreign investments

How much has the ruble weakened against the dollar according to the transcript?

• By 50%

• By 100%

• By 95%

• By 75%

Which year is mentioned as a reference point for the current economic situation?

• 2008

• 2015

• 1998

• 2010

Which country experienced the largest net foreign outflow from US exchange-traded funds?

• Philippines

• Taiwan

• Thailand

• South Korea

What is one of the changes in emerging markets since 1998?

• Stricter government regulations

• Decrease in foreign reserves

• More flexible exchange rates

• Increased reliance on oil exports