The Russian Central Bank saves rouble at the expense of business

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The Russian currency more expensive cheerfully in a basket of currencies on Friday afternoon. The catalyst was the decision of the Bank of Russia to raise its key interest rate to 7.5% from 7.25% previously. It turns out that the signals, which were previously filed by the head of the regulator Elvira Nabiullina, had to be taken seriously. The Central Bank rescues the financial system to the detriment of business and consumers and is the next stage in the new reality.
The US dollar to date is trading at 67,73 RUB and decreases of 0.7%, the Euro depreciates by 0.7 percent and is 79,22 RUB Assessment of the Central Bank for the weekend and Monday, September 17, is set at 68,28 rubles per dollar (reduced 35 cents) and 79.95 rubles. per Euro (raised on 19 cents). The first reaction after the decision of the Central Bank has already played.
The Central Bank and its rhetoric – and as we know after 15:00 GMT at the press conference of the head Elvira Nabiullina, will be the main market catalyst before completion of today’s session.
Commodity market holds in the green zone. A barrel of Brent gradually recovers and konsolidiruyutsya about $78.24 a after yesterday’s stress, light Texas crude oil is worth $68,83 (+0,3%). Today is to follow the formal publication of Baker Hughes on the number of active drilling rigs in the United States and Canada. In recent times the market is attentive to the statistics.
The US dollar closed trading on Friday within 67,50-68,35, the Euro will be spent on a weekend in the borders of 79.00-79,85 RUB.
Anna Bodrova,
Senior analyst,