CLEAN : Russian ruble sees worst daily drop since 1998 crisis

The video discusses the current economic situation in Russia, highlighting market stabilization and rumors of central bank intervention. It contrasts past interventions with the current approach, suggesting a tolerance for a weaker ruble. The video also addresses economic challenges from falling oil prices and potential rate hikes, and concludes with a discussion on the policy stance and its impact on credibility.

What are the potential consequences of falling oil prices and rate hikes for Russia's economy?

What might happen to the credibility of Russian authorities if they intervene to stop the ruble's decline?