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-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 - http://www.enpublishing.co.uk

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.

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Publication:Global Banking News (GBN)
Date:Oct 18, 2013
Words:140
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