The cause of the fall of the ruble


Maxim Crescente: Sergey Guneev / RIA Novosti

The ruble was affected by the global volatility, but the impact will be short-lived. About it as transfers TASS, said Minister of economic development of Russia Maxim Oreshkin.

“Now we have another escalation of the situation in the global markets. If you look at yields on 10-year us bonds rose to a new high of 3.2 per cent. In the whole spectrum of the em currencies we are in a serious weakening,” he described the situation in the world the Minister. He also reminded that Turkey’s inflation rate rose to 24.5 per cent and was above the key rate established in this country

Global volatility is affected, according to the Minister, and the Russian market. “The course we are floating, so the change of moods in the global always has a short-term impact on the course. Long-term we have, from the point of view of our expectations, nothing changes,” he said.

On 4 October, the ruble exchange went sharply down against the dollar and the Euro that the closure was estimated at 66.9 and 76.9 ruble respectively.

Video, photo All from Russia.


Please enter your comment!
Please enter your name here