Currency converter
^
News Feed
News Search Topics
ОК
Use filter
You can filter your feed,
by choosing only interesting
sections.
Loading

Parameters for Russian economy stress scenario not yet defined — official

October 02, 2014, 19:53 UTC+3
The only known parameter of the stress scenario for the monetary credit policy is a fall of oil prices to $60 per barrel
1 pages in this article
Elvira Nabiullina

Elvira Nabiullina

© ITAR-TASS/Dmitry Astakhov

MOSCOW, October 2 /TASS/. The parameters of capital outflow and inflation for the 2015 stress scenario have not yet been defined, Elvira Nabiullina, Russia's central bank chief, told TASS on Thursday.

“We are working on this stress scenario,” Nabiullina explained adding that for that reason it was too early to announce any concrete parameters.

The three existing scenarios have already been described in the Guidelines for the single state monetary and credit policy for 2015 and the period of 2016 and 2017.

Nabiullina also explained that the only known parameter of the stress scenario for the monetary credit policy is as follows: a fall of oil prices to $60 per barrel matches the parameters of stress testing of the banking system.

“In fact, we take account of this possible fall in oil price when we test our banking sector for stresses in order to understand how resistant it is to various stress scenarios,” Nabiullina said.

Show more
In other media
Реклама
Реклама