Sharp fluctuations in the ruble exchange rate do not by themselves pose a threat to Russia’s financial stability. reports about it TASS Referring to the speech in the Duma by Alexei Zabotkin, Deputy Governor of the Central Bank of Russia.
“A sharp movement in the exchange rate is not in itself a risk to financial stability. “In our opinion, this reflects a strong change in the balances on the foreign trade side, a sustainable change that should occur in the exchange rate,” he said.
Zabotkin also noted that the pace of devaluation increases inflation and inflation expectations, which may accelerate the price increase in the short term.
The other day, representatives of the Russian government apparatus reported socialbites.ca said that the necessary measures have been taken to fulfill President Vladimir Putin’s instructions on stabilizing the ruble exchange rate. On September 18, the head of state instructed the Council of Ministers and the Central Bank of the Russian Federation to take action on this issue. According to Putin, the main problem of the economy in current conditions is high inflation, in which the state of the national currency plays a key role.
It was not available in Russia before excluded Another wave of weakening of the ruble exchange rate.
Source: Gazeta
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