Russian central bank’s Nabiullina: Looking at forex controls to avoid deviation of rouble rate

The Russian central bank Governor Elvira Nabiullina said on Thursday, “we are looking at forex controls to avoid deviation of rouble rate from official levels.”

Additional comments

“Gold that central bank has is stored in Russia.”

“Russia has enough funds to avoid default.”

hinted at a faster rate cut, in her appearance on Monday.

On Monday, Nabiullina hinted at a faster rate cut. The Russian central bank cut its benchmark rate this month to 17%, in the face of the negative impact of the Western sanctions.