Russias Forex Market

Download or read book Russia's Forex Market written by Alexandra Bozhechkova and published by . This book was released on 2016 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.