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home / news releases / RUSL - Can Lower Rates Help Russia Recover?


RUSL - Can Lower Rates Help Russia Recover?

By Erik Norland

At a Glance

  • Low inflation and a stable currency may allow for further rate cuts in Russia.
  • Russia's yield curve might offer clues to the country's recovery.

The global economy has been hard hit by coronavirus lockdowns, and Russia is no exception. The International Monetary Fund forecasts a 5.5% contraction of Russia's growth in 2020, which would be the economy's worst performance since the 7.8% contraction in 2009.

Unlike the downturns that came on the heels of oil price declines in 2008-09 and 2014-15, this time around, Russia's central bank is reacting

Read more ...

Stock Information

Company Name: Direxion Daily Russia Bull 2X Shares
Stock Symbol: RUSL
Market: NYSE

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