Can Russia Stop the Ruble's Decline?

The video discusses Russia's multiple rate hikes in 2014, aimed at stabilizing the ruble amidst its decline. Despite these efforts, the ruble continued to fall, mirroring the drop in Brent crude prices. A chart analysis shows the correlation between the ruble and oil prices. The Bank of Russia's rate hikes timeline is detailed, highlighting the challenges faced in stabilizing the currency without harming the economy. The central bank's dilemma is balancing currency stabilization with economic growth, as further rate increases could push the economy into recession.

How did the price of Brent crude relate to the ruble's value in 2014?

What was the percentage increase in the main rate by the Bank of Russia throughout the year?

What actions did the Bank of Russia take in response to the ruble's decline?

What was the ruble's decline against the dollar as mentioned in the text?

What dilemma does the central bank of Russia face regarding the ruble and the economy?