Printer Friendly

-Russian central bank expects rouble to be stable.

Global Banking News-October 18, 2013--Russian central bank expects rouble to be stable(C)2013 ENPublishing -

Global Banking News - 18 October 2013

The Russian central bank has said that it is expecting the rouble to be stable.

While it would like to pursue a policy of giving the rouble more freedom, the bank said that it was expecting the currency exchange rate to remain stable.

The rouble firmed in the first few months of 2013, before a period of weakness that started in June and brought the rouble's year-to-date slide versus the dollar to around 8 percent by August. This was due to expectations the US Federal Reserve could start tapering its quantitative easing program.

[Editorial queries for this story should be sent to]

((Distributed via M2 Communications -
COPYRIGHT 2013 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2013 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Oct 18, 2013
Previous Article:-Canadian inflation close to central bank's target floor.
Next Article:-BofA names head to lead Americas Financial Sponsors Group.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters