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Central Bank sees no risks of financial volatility due to US presidential election

November 09, 2016, 14:38 UTC+3
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MOSCOW, November 9. /TASS/. Though the level of financial volatility has slightly surged due to the US presidential elections Russia’s Central Bank sees no risks, the regulator’s Deputy Chairperson Ksenia Yudaeva said Wednesday.

"The market has recovered all losses of the opening trade (following the US elections - TASS). The Russian market, similar to what the situation was like in case of Brexit, takes it in stride, just as developed and developing markets do," she said, adding that the regulator "expects no serious risks."

According to Yudaeva, the Bank of Russia has all tools to respond to events and restore the financial stability if needed.

"The global markets volatility has slightly risen, and the Russian market has demonstrated a certain volatility spike. But the reaction of the (Russian - TASS) market is substantially less than that of many other markets of developed and developing countries," Deputy Chairperson said.

On Election Day, November 8, United States citizens cast their ballots and elected their 45th US President, Donald J. Trump.

The Republican candidate secured his presidential victory by gaining 290 electoral votes, surpassing the needed 270 to win, while Clinton garnered 218 votes. The election outcome was a spectacular culmination to a heated Presidential race between the Democratic nominee, Hillary Clinton and Republican candidate, Donald Trump.

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