March 19, 2020 / 5:34 PM / 11 days ago

Russia's decision to start selling FX will help stabilise rouble -minister

MOSCOW, March 19 (Reuters) - The Russian central bank’s decision to start selling foreign currency will help stabilise the rouble, Finance Minister Anton Siluanov said on Thursday, as the currency traded near four-year lows it fell to as oil prices plunged.

Siluanov said inflation, the central bank’s key area of responsibility, was seen hovering near the 4% target this year.

The central bank will hold a rate-setting meeting on Friday as the rouble falls and the oil price crash and coronavirus pandemic increase risks to inflation and financial stability. (Reporting by Darya Korsunskaya; Writing by Andrey Ostroukh; Editing by Catherine Evans)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below