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Saturday, October 22, 2016

The ruble responded positively to the Central Bank decision on key rate

The reaction of the bidders on the decision of the CBR to keep key rate at the level of 10.5% resulted in the strengthening of the ruble. The dollar and the Euro surrendered their positions by about 20-30 cents. But then they are back to growth.

photo: Gennady Cherkasov

According to the experts the assumption of some players that the Central Bank may reduce its key interest rate responded negatively to the Russian currency. But then in the afternoon on Friday, the regulator announced that it leaves its key rate at the level of 10.5%.

Read the material: the Central Bank did not change key rates due to inflation expectations

Immediately after that, the rate of foreign currency against the ruble fell. So, if on 13:29 GMT, the dollar was worth 67.4 ruble, then he fell back to the level 66 rubles 85 kopecks. The Euro also fell from 74.45 rubles to 74,27 of the ruble.

But then on the Moscow stock exchange were again recorded growth in Euro-dollar, then currency behaved diverse. If the dollar again began to decline, the Euro continued to strengthen. 15:48 GMT the dollar is 66,80 ruble and Euro – ruble 74.47.

Rising prices and a falling ruble. Chronicle of events

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