According to RBC, Deputy Chairman of the Central Bank Alexey Zabotkin responded to the proposal of First Deputy Chairman of VTB Dmitry Pyanov addressed to the Central Bank.
He said that the Bank of Russia does not consider it necessary to conduct currency interventions with the ruble to maintain the exchange rate.
Previously, Pyanov posted a column in RBC entitled “Letter to Father Frost and Snow Maiden,” where he shared his wishes to the Ministry of Finance and the Central Bank of the Russian Federation.
According to Zabotkin, the bank does not agree that the previous manipulations on the currency market will be useful.
In this way, the Deputy Chairman of the Central Bank responded to the wishes of the First Deputy Chairman of VTB Dmitry Pyanov addressed to the Ministry of Finance and the Central Bank of Russia.
Pyanov said that over the past few months the dollar exchange rate has soared by 20 percent to 107 rubles.
Volatility certainly causes an increase in inflation expectations and, as a result, inflation surges, which the Central Bank has to fight.
The First Deputy Chairman of VTB proposed keeping the ruble exchange rate within a certain range in order to avoid losses during sharp fluctuations.
Author: Elena Gutyro
