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Friday, October 28, 2016

Nabiullina: the reasons for the collapse of the ruble no

The head of the Bank of Russia Elvira Nabiullina on Friday said that currently sees no reason for the collapse of the ruble. In her view, no risks that may increase the volatility of the exchange rate.

“Fluctuations in the ruble is much less than the fluctuations in oil prices, and we hope it will continue,” she said. The stability of the ruble, according to her, due to market reasons, because of the Central Bank in currency markets does not intervene.

Earlier, the Central Bank lowered its key rate to 10%.


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