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9 Feb 2015
Russia to refrain from FX intervention – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team shares CBR’s Governor’s comments that the Bank of Russia would let markets define an exchange rate and stay from any FX intervention until RUB threatens stability.
Key Quotes
“Russia Central Bank (CBR) Gov Nabiullina reiterated to let market define exchange rate and would not impose capital controls; Rate hike was not inevitable on CPI.”
“She reiterated view that inflation to peak in Q2.”
“Bank of Russia buys gold to provide ruble liquidity and would not intervene in FX unless the RUB currency threatened stability. Rate outlook depended on risks to economy and prices.”
Key Quotes
“Russia Central Bank (CBR) Gov Nabiullina reiterated to let market define exchange rate and would not impose capital controls; Rate hike was not inevitable on CPI.”
“She reiterated view that inflation to peak in Q2.”
“Bank of Russia buys gold to provide ruble liquidity and would not intervene in FX unless the RUB currency threatened stability. Rate outlook depended on risks to economy and prices.”