Russian Cenbank Says It Didn’t Take FX Interventions On Monday Due To Sanctions

© . FILE PHOTO: An exterior view shows the headquarters of the Russian Central Bank in Moscow, Russia March 29, 2021. REUTERS/Maxim Shemetov () – The Russian central bank, which raised its key rate to 20% in an emergency, has failed to carry out foreign exchange interventions on Monday as a result of the latest Western sanctions, said central bank governor Elvira Nabiullina. Nabiullina did not say who was selling dollars and euros in the market Monday that helped the ruble recover from record lows. Nabiullina said the central bank was ready to support the banking sector, which was turning into a structural liquidity shortage due to high demand for cash. Disclaimer: Fusion Media would like to remind you that the data on this website is not necessarily real-time or accurate. All CFDs (Stocks, Indices, Futures) and Forex prices are not provided by exchanges but rather by market makers, and therefore prices may not be accurate and may differ from the actual market price meaning prices are indicative and not suitable for trading purposes . Therefore, Fusion Media does not bear any responsibility for any trading losses that you may incur as a result of using this data. Fusion Media or anyone associated with Fusion Media accepts no liability for any loss or damage resulting from reliance on any information, including data, quotes, charts and buy/sell signals on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.

Leave a comment