The CBR sees the stabilization of the situation on the currency market after the March collapse of the ruble, which the Regulator was forced to increase the key rate and adjust monetary policy but to relax while early, said 1st Deputy Chairman of the Central Bank Ksenia Yudaeva.
The Central Bank in early March, very quickly lifted the key rate from 5, 5% to 7% in response to a strong reduction of the ruble, which was pressing Danger of entering the Russian troops on the ground in Ukraine. The regulator has also adjusted the foreign exchange rate policy and supported the national currency multibillion interventions. In April, the rate was increased by 0, 5%.
According to Yudaeva, so, CB extinguished " unreasonable, irrational panic "when yesterday in the exchanges, the dollar was worth 39 rubles, and Euro - 53 rubles.
" We see a stabilization of the situation, it has stabilized, but still not up to the end. We see a big problem with inflation, a significant slowdown in the increase of deposits. There are many indicators that say about the fact that as long as still too early to relax, " said Yudaeva, speaking in the state Duma.
" in practice, dead interbank market, reduction of bond issues also hampers us monetary policy.
sections: Politics |