Rubel did not listen to Putin – Republic

Rubel did not listen to Putin – Republic

Bloomberg

Provide the Russian president about the imminent improvement in the oil market and therefore in Russia the ruble strengthened.

After a good start of the day on the Moscow stock exchange currency demons returned in recent days. After the press conference the President, the euro jumped 1.2 to 75.5 ruble ruble and the dollar to 61.4 ruble (morning was 58.15).

Putin stated, inter alia, that the policy Bank of Russia in recent days was adequate. Experts and market to disagree. In the opinion prevailing view that in the coming days, do not expect much to strengthen the ruble, even when the oil starts to get more expensive. “To ruble strengthened permanently, you need to give a decent arguments to those who play on the strengthening of the ruble. And this was not done – rated Wiernikow deputy director Andrei Zurich Capital Management.

Ivan Kopeikin of the brokerage firm Ekspress, notes that Putin would not give out preaching and do not smoke in the market of foreign exchange reserves of gold country, give the command to the bank central, which limit the intervention.

“This is a limitation of central bank intervention. This can be used in a game against the ruble. Also say that the new high interest rate does not remain long, does not help and it is difficult to expect something positive in the medium term. “

Analysts Nordea also believe that it is hard to expect a change in the situation. For now, the Kremlin decided that will be introduced currency controls in state corporations. They represent the latest on the existing currencies. will also be required to dispose of surpluses accumulated after October 1, Kommersant has learned. The largest exporters of Gazprom, Rosneft and Rosoboronexport (arms industry).

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