Central Bank of Russia: Ruble Depreciation Unlikely to Threaten Financial Stability, Possibility of Rate Increase

2023-08-14 08:25:00

The Central Bank of Russia sees no threats to financial stability following the depreciation of the ruble. However, the key rate may be increased at the next meetings. This was reported in the press service of the Central Bank of Russia.

“The Central Bank of the Russian Federation does not see any threats to financial stability in the dynamics of the ruble, it allows an increase in the rate at the next meetings,” the Interfax news agency reports. The regulator noted that the exchange rate is formed under the influence of a large number of factors. The main one: the reduction of exports and the growth of demand for imports.

According to the latest data, the dollar exchange rate reached 101 rubles during trading on the Moscow Exchange. Euro — 110.9. The last time such a course was at the beginning of a special operation. Anatoly Aksakov, head of the State Duma committee on the financial market, said that the Russians not interested in the dollar and euro. According to him, the exchange rates are monitored by those who are directly related to currency fluctuations.

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