Desperate times call for desperate measures, including interest rates. The Ukraine was having a tough enough time before Russia began playing in the Crimea. Now, their economy’s troubles inspired the central bank to raise the refinance rate to 30%. The raise may curb inflation, and decrease the amount of funds fleeing the country. The country’s debt repayment plan looks tough but doable, as long as nothing else bad happens.
“Ukraine Keeps Its Balance As Economy Teeters On Abyss’ Edge” – The Conversation
Pretending Not To Panic 