Kiev military launch more than 200 shells, destroy house in DonbassWorld October 23, 11:10
Rescuers evacuate 15 people from house hit by gas explosionSociety & Culture October 23, 11:07
Russian health minister says producing vaccines in Nicaragua is "very profitable"Society & Culture October 23, 7:36
Russia, EU should set up strategic planning committee — former foreign ministerRussian Politics & Diplomacy October 23, 6:07
DPR to raise issue of Ukrainian forces’ shellings in DPR’s south — envoyWorld October 23, 5:06
Georgia’s Orthodox patriarch to visit Moscow to mark Russian patriarch’s 70th birthdaySociety & Culture October 23, 4:21
Iraqi forces enter last settlement on northern approaches to Mosul — mediaWorld October 23, 3:56
Azerbaijan’s president says his country will not increase oil outputBusiness & Economy October 23, 3:29
Second round of parliamentary election to be held in Lithuania on SundayWorld October 23, 2:49
MOSCOW, December 4. /TASS/. The Central Bank of Russia (CBR) said it was ready to make foreign currency interventions without limits in amounts, as the current ruble rate has deviated considerably from fundamentally reasonable values.
“According to CBR estimates, the current ruble rate has deviated considerably from fundamentally reasonable values,” the monetary regulator said, noting that “The CBR is ready to make foreign currency interventions in the future if necessary without limits in amounts and preliminary announcement.”
The current devaluation of the Russian ruble is creating conditions for emergence of risks to financial stability, Russia’s Central Bank said.
“The dynamics of the ruble which is currently being observed, including its excessive volatility, is predetermining the emergence of risks to financial stability and is creating stable devaluation and inflation expectations,” the regulator said.
The Central Bank decided to free float the ruble on November 10 in a move, which amid the falling oil prices, increased the ruble’s volatility and brought the dollar and the euro to record high against the Russian currency.
Despite canceling the corridor of the US dollar/euro basket, the Central Bank has repeatedly stressed that it would enter the market with currency interventions if there were threats to financial stability.
On Monday, the regulator made unexpected foreign currency interventions which reached $700 million.