Russia Cuts Interest Rate From 15% To 14%, Ruble Rises

According to the WSJ, "Friday’s move is another sign of confidence from Russian authorities that the worst of the economic turmoil caused by Western sanctions and the plunge in the oil price could soon be over. But economists said it represents a risky bet that Russia’s still-fragile financial system could soon be on the mend." .... http://www.zerohedge.com