Template-Type: ReDIF-Article 1.0
Author-Name:Alexandra Bozhechkova
Author-Name-First:Alexandra        
Author-Name-Last: Bozhechkova
Author-Workplace-Name:  Gaidar Institute for Economic Policy
Author-Name:Pavel Trunin
Author-Name-First:Pavel         
Author-Name-Last: Trunin
Author-Workplace-Name:  Gaidar Institute for Economic Policy
Title: RUSSIA’S FOREX MARKET: NO PANIC OUTLOOK
Abstract: The Bank of Russia on 11 December 2015 decided to keep the base interest rate unchanged at 11%, thus indicating that the bank will not move forward with easing monetary policy. Russia’s Central Bank on 14 December resumed 12-month foreign exchange repo auctions with a view to pushing down demand for foreign currency. Thus, the Bank of Russia aims to avoid turbulence in Russia’s fi nancial markets, which may occur in response to a new downturn of oil prices amid raised Fed target rates.
Classification-JEL:P24, E52  
Keywords: INFLATION AND MONETARY POLICY, Russian Economy  
Journal: Russian Economic Developments
Year: 2016
Issue: 1
Month: January
Pages: 7-9
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/660Trunin.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:660