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Russian Central Bank describes oil price dynamics as ‘nervous’

October 10, 2014, 2:33 UTC+3
“We are monitoring the situation. But, regrettably, we see that oil price dynamics are rather nervous", said first deputy chairperson of the Central Bank Ksenia Yudayeva
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© Sergey Shakhidjanyan

WASHINGTON, October 9. /TASS/. Russia’s Central Bank describe oil price dynamics as “nervous,” first deputy chairperson of the Central Bank Ksenia Yudayeva said on Thursday.

“We are monitoring the situation. But, regrettably, we see that oil price dynamics are rather nervous, that is why it is difficult to forecast oil prices,” she told journalists. “It is much easier to have various instruments to react to what might happen.”

“We have always said that as soon as we see a threat to financial stability, we will be able to change our approach to interventions,” she said, when asked whether the Russian Central Bank was ready for more resolute actions in case the situation over the rouble exchange rate worsened.

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