Russia sells gold at fastest pace since the 1998 default
The Bank of Russia has shed 62 metric tons in ten months while other central banks buy, and the Kremlin is now selling 7.8% of shipping giant Sovcomflot to help plug its deficit.
Fed, central banks, geopolitics, trade and the macro forces driving the global economy.
The Bank of Russia has shed 62 metric tons in ten months while other central banks buy, and the Kremlin is now selling 7.8% of shipping giant Sovcomflot to help plug its deficit.
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The announcement came hours before the Governing Council’s rate decision, with three of the six Executive Board seats now set to turn over by May.
Two FOMC members dissented in favor of a quarter-point hike, and markets still expect an increase at the December 8-9 meeting.