Bank of Russia raises rates by 150 basis points

Source: RTT News
The central bank of Russian increased its benchmark interest rates unexpectedly on Monday amid raising concerns over possible war conflict in neighboring Ukraine pushing the country's currency Ruble towards the historical low versus the U.S. Dollar. The Bank of Russia raised the rate by 150 basis points from 5.50% to 7.00%.

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Mon, 03 Mar 2014 17:56:27 GMT

U.S. manufacturing sector improves in February

Manufacturing activity in the world's largest economy increased in February expanding at a faster pace than economists originally projected, the latest data revealed by the Institute for Supply Management showed on Monday. The report also unveiled that the U.S. PMI jumped from January's 51.3 to a level of 53.2 recorded in the following month.

Mon, 03 Mar 2014 17:56:05 GMT

Ukraine's Hryvnia falls to record low as Russian intervenes

The Ukraine currency Hryvnia declined on Monday trading session falling towards the lowest level all-time after the Russian Federation intervened into Ukraine's Crimea peninsula raising concerns over possible war conflict as the Russian President Putin declares his troops had right to enter the country. The Hryvnia slipped from Friday's 10.8510 a U.S. Dollar to 11.6510.

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