The Finance Insider blog

Search This Blog

Blog Archive

The Finance Insider

Sunday, May 25, 2014

The Bank of Russia moved to limit the volatility of the ruble

By reducing the number of daily currency interventions. Currently, the ruble is trading in a corridor where the central bank can let it float free. The central bank says it will still step in to intervene to maintain financial stability if needed. Next year, the bank is expected to adopt inflation targeting.

No comments:

Post a Comment