The Central Bank has increased the reserve requirement ratios for “unfriendly” country currencies to 7.5% as of April 1, 2023. Web site regulator.
Thus, reserves at the level of 7.5% were determined for all segregated liability categories in non-friendly country currencies; 5.5% – for all categories of segregated liabilities in foreign currency (excluding currencies of non-friendly countries).
Earlier, at the Board of Directors meeting of the Central Bank on Friday, left The key rate remained unchanged for the fourth consecutive year – at 7.5% per annum. The editor announced this in a press release.
The Central Bank announced its decision by, among other things, lowering the Russians’ inflationary expectations.
Market participants had expected the Bank of Russia to hold the key rate at 7.5%.
According to him, the ruble, a pro-inflationary factor, has weakened somewhat since the last meeting of the Central Bank on the key interest rate. The expert added that oil prices have not changed much.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.