Russia lurched towards a financial crisis evoking parallels with its 1998 crash, as the rouble plunged more than 11 per cent despite a dramatic midnight interest rate rise by its central bank.
The rouble turmoil showed signs of spreading to global markets, as investors piled into haven assets and German bond yields dropped to a record low.
In a sign of the pressure policy makers are under, Sergey Shvetsov, deputy governor of the central bank, said the situation was “critical”. “I couldn’t imagine even a year ago that such a thing would happen — even in my worst nightmares,” he told an event in Moscow.
您已閱讀20%（606字），剩余80%（2351字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。