Sive Morten
Special Consultant to the FPA
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Here is some russian news, for those who're interested in:
The Finance Ministry intends to begin the conversion of currency from the Reserve Fund in rubles. The operation is scheduled for the end of this month, said deputy minister Alexei Moiseev. Recall, on the implementation of the Currency Reserve Fund totaling 500 billion rubles last week said Finance Minister Anton Siluanov. First, the money in foreign currency ministry will sell at the current rate, then enroll rubles for a single account in the Federal Treasury and from there to place on deposits in banks through auctions.
The Bank of Russia will reduce its key rate by 2-3% in I quarter of 2015. This decision was taken by the Central Bank in late December 2014, writes Izvestia, citing sources in the National Finance Council (NSF). "Representatives of the regulator is explained by the fact that the increase in the key rate has not brought the expected result: it was intended to curb the rise in the dollar and the euro, but it did not happen", - explained the source of the publication. According to him, with a high probability of the Central Bank cut its key rate before March 2015. Recall the next meeting of the Board of Directors is scheduled for January 30th.
Breaking news:
Moscow. January 21. Interfax - "Today, the Bank of Russia has denied information about
intention to reduce its key rate below 17% in Q1 2015.
The Finance Ministry intends to begin the conversion of currency from the Reserve Fund in rubles. The operation is scheduled for the end of this month, said deputy minister Alexei Moiseev. Recall, on the implementation of the Currency Reserve Fund totaling 500 billion rubles last week said Finance Minister Anton Siluanov. First, the money in foreign currency ministry will sell at the current rate, then enroll rubles for a single account in the Federal Treasury and from there to place on deposits in banks through auctions.
The Bank of Russia will reduce its key rate by 2-3% in I quarter of 2015. This decision was taken by the Central Bank in late December 2014, writes Izvestia, citing sources in the National Finance Council (NSF). "Representatives of the regulator is explained by the fact that the increase in the key rate has not brought the expected result: it was intended to curb the rise in the dollar and the euro, but it did not happen", - explained the source of the publication. According to him, with a high probability of the Central Bank cut its key rate before March 2015. Recall the next meeting of the Board of Directors is scheduled for January 30th.
Breaking news:
Moscow. January 21. Interfax - "Today, the Bank of Russia has denied information about
intention to reduce its key rate below 17% in Q1 2015.
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