White House on the actions of Russia: economic chaos – TVP

White House on the actions of Russia: economic chaos – TVP

The Central Bank of Russia declared that the threat of decline in economic growth currently dominates the risks associated with the depreciation of the ruble.

Russian costs

– There are clearly defined and economic costs associated with the expedition of President (Vladimir) Putin’s eastern Ukraine – spokesman Josh Earnest White House daily briefing on. – We hope that these costs will induce accumulation of President Putin to re-evaluate its strategy – he added.

What about the ruble?

The Russian central bank raised its key interest rate to 17 percent. in mid-December last year in response to the collapse of the ruble. It is said that on Friday issued a press release of the Bank of Russia, resulted in the stabilization of inflation expectations and level dewaluacyjnych as he predicted.

“Inflation in the observed current size is caused by accelerated adjustment of prices to the weakening of the ruble occurring and has a time-limited nature. Inflationary pressures will now be prevented by reducing economic activity “- adds the message.

What is the course?

After the announcement of the reduction rate of the ruble against the dollar fell by more than 2 per cent., To 70 rubles per dollar.