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Russian capital control decision was a forced move, cenbank says -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: Elvira Nabiullina, Governor of Russia’s Central Financial institution, speaks throughout an interview in Moscow, Russia, June 27, 2019. REUTERS/Evgenia Novozhenina

(Reuters) – The introduction of capital controls in Russia was a compelled choice, the central financial institution governor Elvira Nabiullina mentioned on Friday, after conserving its key rate of interest unchanged at 20%.

Nabiullina, who was proposed by President Vladimir Putin to be re-appointed for a 3rd time period on Friday, mentioned the Moscow Change would resume buying and selling OFZ state rouble treasury bonds from Monday and that the central financial institution plans to purchase there.

The central financial institution would totally promote its OFZ bonds sooner or later later, Nabiullina mentioned in at a web based briefing. She didn’t take questions.

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