Russia's Forex Market : No Panic Outlook

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 financial markets, which may occur in response to a new downturn of oil prices amid raised Fed target rates

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Year of publication:	2016
Authors:	Bozhechkova, Alexandra
Other Persons:	Trunin, Pavel (contributor)
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Russland \| Russia \| Devisenmarkt \| Foreign exchange market \| Währungsderivat \| Currency derivative \| Bankenkrise \| Banking crisis

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Extent:	1 Online-Ressource (3 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Russian Economic Developments. Moscow, 2016, No. 1, pp. 7-9 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 23, 2016 erstellt
Classification:	P24 - National Income, Product, and Expenditure; Money; Inflation ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013000664