Ukraine’s new anti-Russian sanctions to take effect on October 31World October 21, 21:22
Kremlin says Egypt’s rumored sale of Mistrals for $1 is ‘utter nonsense’Russian Politics & Diplomacy October 21, 21:13
Source: Mi-8 helicopter with 22 people onboard makes crash landing in YamalSociety & Culture October 21, 20:15
Source says 'Gray money' tax may cover up to 5 mln RussiansBusiness & Economy October 21, 20:07
UN Human Rights Council passes resolution on AleppoWorld October 21, 19:52
Russian Justice Ministry refuses to transfer jailed filmmaker to UkraineRussian Politics & Diplomacy October 21, 19:44
Brussels says Belgium’s position on Hassadjek village bombing remains unchangedWorld October 21, 19:30
Rosneft CEO reveals real meaning of oil price war, outlines Russia’s role in itBusiness & Economy October 21, 19:11
New sanctions against Russia will be an alibi, not constraining factor — Italy’s PMWorld October 21, 19:05
MOSCOW, October 23. /TASS/. The Russian Central Bank is satisfied with the current volatility of the ruble, First Deputy Chairman of the Central Bank Dmitry Tulin said Friday in the State Duma.
"We are satisfied with it [the current intraday fluctuations of the ruble exchange rate — TASS]. If it lasted, like during the past two weeks, it would be amazing," Tulin said.
At the same time Tulin noted that the Russian ruble volatility declined, as the market have adapted to the current economic situation.
"Confidence in the ability of the Russian authorities to handle the situation has slightly strengthened. But connection to oil price still exists," Tulin said. He added that the exchange rate reflects the state of the economy.
According to Dmitry Tulin, the ruble will not be as stable as it was before November 2014.
"The ruble exchange rate is not as stable as it was before November 2014 — it will be volatile. But there will not be such volatility as in December and January," he said.
The Russian Central Bank cannot yet secure the stability of the ruble exchange rate.
"We would like the ruble exchange rate to be stable against at least currency basket. It would be very beneficial for the economy and anti-inflationary policy. But it is impossible to ensure this. We need to think about how we can mitigate the effects of exchange rate fluctuations," Tulin said.
He also noted that the Central Bank cannot currently "afford to intervene in these conditions on a large scale", but according to him dependence of the ruble exchange rate from commodity prices decreased.