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Ruble has large potential for appreciation in the absence of external shocks - CBR chief

November 15, 2014, 13:27 UTC+3
1 pages in this article

MOSCOW, November 15. /TASS/. The ruble has large potential for appreciation in the absence of external shocks, Central Bank Chief Elvira Nabiullina said on Saturday.

“If there are no additional negative external factors, the ruble has large growth potential,” Nabiullina said in an interview with Rossiya 1 TV Channel.

The Russian Central Bank chief also said the ruble was undervalued “with regard to objective factors determining the ruble exchange rate.

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