Russia Prepared to Let Ruble Slide

MOSCOW—The Russian ruble has plunged in its steadiest decline since the 2008 global financial crisis, but unlike other emerging markets where officials have been raising interest rates to steady weakening currencies, Moscow is taking a largely hands-off approach.
Asked on Wednesday whether he thought the central bank should raise rates to defend the currency as central banks in Turkey and South Africa have just done, Russian Finance…

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