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I think central banks generally give advance notice of policy changes. The Russian one hasn't announced any policy change related to the current fall, has it?
by Arnt 2y ago
I think central banks generally give advance notice of policy changes. The Russian one hasn't announced any policy change related to the current fall, has it?
- protomolecule 2y agoAnd it hasn't changed it. The Central Bank just isn't interfering in what's happening on the foreign exchange market. Well, it actually changed the policy a little bit a few hours ago -- it announced that it stopped buying foreign currency until the end of the year[0] to reduce the pressure on the ruble. I guess that means that it doesn't want the ruble to fall below 110 rubles per dollar. [0] https://www.cbr.ru/press/event/?id=23190 https://www.cbr.ru/press/event/?id=23190