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Bank of Russia warns against volatility surges in 2018

November 28, 16:36 UTC+3

At the same time, the Bank of Russia has all the tools in hand to response to a situation in case of financial instability

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MOSCOW, November 28. /TASS/. Financial stability risks for Russia declined in broad terms but volatility spikes cannot be ruled out in 2018, First Deputy Chairperson of the Bank of Russia Kseniya Yudaeva told reporters on Tuesday.

"Financial stability risks for Russia declined at large. Nevertheless, potential volatility surges cannot be excluded in the next year of 2018, related in particular to realization of global risks that may occur either in connection with changes in monetary policy by leading countries of the globe or to geopolitical factors," Yudaeva said.

At the same time, the Bank of Russia has all the tools in hand to response to a situation for financial stability support purposes, the banker said.

"We are ready to employ them [tools - TASS] if necessary," Yudaeva added.

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