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Central Bank expects no dramatic fall of rouble but ready for any scenario

The Russian Central Bank expects no dramatic fall of the rouble but is prepared for any scenario, chief banker Elvira Nabiullina said on Saturday, April 26.

"If there are no additional external shocks, we think that the rouble will stay rather stable and may even slightly strengthen," Nabiullina told REN TV's Nedelya (Week) programme.

She noted that the Bank would not artificially buttress the national currency at a certain level and said that forecasts predicting the crash of the rouble were unfounded.

[Source: Itar Tass, Irkutsk, 26Apr14]

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