Stock Groups

Russian cenbank says it carried no FX interventions on Monday due to sanctions -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILEPHOTO: A view from the outside shows Russia’s Central Bank headquarters, Moscow (Russia), March 29, 2021. REUTERS/Maxim Shemetov

(Reuters) – The Russian Central Bank, after raising its key rate by 20% to meet an emergency, didn’t carry out any foreign currency intervention Monday because of the West’s latest sanctions. Central Bank Governor Elvira Nabinullina.

Nabiullina didn’t say which person was buying dollars or euros in the markets on Monday, helping the rouble to recover from its record-breaking lows.

Nabiullina indicated that the central banking was available to help the bank sector that is experiencing a structural shortage of liquidity because there has been a high demand to cash.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are provided by market makers and are therefore not necessarily accurate. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]