Tag: russia

Ukraine Hikes Discount Rate from 6.5% to 9.5%, Overnight Rate to 14.5% to Halt Crash of Hryvnia
April 15, 2014 0

Ukraine Hikes Discount Rate from 6.5% to 9.5%, Overnight Rate to 14.5% to Halt Crash of Hryvnia

By News Desk

Ukraine Hikes Discount Rate from 6.5% to 9.5%, Overnight Rate to 14.5% to Halt Crash of Hryvnia The Ukrainian Hryvnia has plunged six consecutive weeks to new record lows. Since the beginning of the year, the Hryvnia has fallen from 8.26 to the US dollar, to 13.16 to the US dollar, a decline of 37.2% On Monday, the Ukraine central bank pulled out the bazooka with a massive set of rate hikes . Kiev’s central bank raised the benchmark discount rate from 6.5 per cent to 9.5 per cent and the overnight loan rate from 7.5 per cent to 14.5 per cent on Monday night.“The central bank considers it necessary to take the step to increase the value of the national currency, to restrain inflation and to stabilise the situation on the money market,†the central bank said in a statement

A Tale of Two Protests: Ukraine and Thailand – End Game
April 8, 2014 0

A Tale of Two Protests: Ukraine and Thailand – End Game

By News Desk

Links A Tale of Two Protests: Ukraine and Thailand – End Game April 8, 2014 ( Tony Cartalucci – NEO ) – Nothing illustrates the bottomless hypocrisy of the West’s alleged principles more than its stance on two simultaneously unfolding political conflicts – one raging in Eastern Europe’s Ukraine, the other in Southeast Asia’s Thailand. Not only is the West’s rhetorical stance on each protest hypocritical, but the support they have demonstrably lent to players in each conflict illustrates a troubling pattern of foreign special interests meddling in, and shaping the future of nations around the world. Such meddling is divergent of any principle it is generally done in the name of, with such principles serving merely as a facade behind which the West advances its hegemonic designs