Cenbank’s key rate consideration to account for ruble weakening

NOVOSIBIRSK, Jun 30 (PRIME) -- The central bank will take into account the ruble decline at the next meeting on the key rate, but sees no risks tofinancial stability, Deputy Chairman Alexei Zabotkin said on Friday.

"We see no risks to financial stability, but, of course, the rate dynamics will be taken into account at the next meeting of the board of directors on the key rate to understand the effect of the exchange rate influence on inflation this year," Zabotkin said.

The official added that the rate reflects a decline of prices for the key Russian exports.

The ruble dove by up to 3.62 rubles against the U.S. dollar over the last three sessions and reached 88.68 on Friday, the lowest since March 2022.

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