News Formal

Russian cenbank says wants rouble rate to be determined by market

  • 📰 Reuters
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

The Russian central bank has imposed foreign exchange controls to support liquidity but aims to preserve market pricing principles and a rouble exchange rated determined by the market, the bank's first deputy governor said on Friday.

Ksenia Yudayeva said the Russian economy and its financial sector were in good shape before Feb. 24, and now many companies were experiencing the need to find new suppliers and logistics.

The Russian financial sector and economy have taken a hit from sweeping western sanctions imposed over what Moscow calls a "special military operation" in Ukraine.Reporting by Reuters; editing by John StonestreetSign up to our investor newsletter to get the latest news and trends in global financial markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The dynamic in the US rates market is helping equitiesUS Equities rallied back despite the hotter PPI print, a cautious tone on the economy struck by JPM's Dimon, and the hardline zero-Covid stance taken
Source: FXStreetNews - 🏆 14. / 72 Read more »