The Central Bank of Russia is actively assessing ruble exchange rate projections and intends to start publishing these forecasts in the near term. This plan was outlined by Alexei Zabotkin, deputy chairman of the Central Bank of the Russian Federation, during a press briefing. (citation: TASS) The goal is to broaden the set of indicators used in macroeconomic forecasting and to strengthen the bank’s communication with analysts, business leaders, and the general public as part of a broader effort to improve transparency.
In mid-August, Zabotkin stated that the Bank of Russia does not anticipate financial stability risks arising from a softer ruble. That assessment reflects the authority’s view that the currency’s fluctuations, while notable, do not threaten the stability of the financial system under current conditions. (citation: TASS) Analysts have since highlighted that sustaining the ruble may require balancing supply and demand in the currency market and ensuring that foreign exchange liquidity remains adequate to prevent sharp swings. (citation: market commentary)
Dmitry Babin, a stockbroker at BCS Mir Investments, commented in an interview that strengthening the ruble would hinge on restoring balance in Russia’s currency market. He explained that when foreign currency supply is limited, demand for dollars, euros, and other currencies can push the ruble lower, making stabilization measures particularly important. (citation: socialbites.ca) The observation underscores the ongoing need for careful policy calibration to avoid persistent imbalances that could erode investor confidence or raise borrowing costs. (citation: market commentary)
Previously, Alexander Babakov, deputy chairman of the State Duma from the Fair Russia – For Truth faction, called for measures to ensure foreign exchange earnings are repatriated to the country. His stance emphasized that such controls could bolster the ruble by supporting a steadier flow of currency back into the domestic economy and reducing volatility in the FX market. (citation: parliamentary remarks)
Earlier reporting noted that the central bank had at times engaged in interventions that included selling yuan to reinforce the ruble. The objective has consistently been to maintain a stable exchange rate environment and to anchor expectations among businesses and households. (citation: policy notes) The broader context involves balancing external pressures with domestic growth goals, a task that remains central as Russia navigates evolving trade and financial conditions on the global stage. (citation: analysis)