In the amplification of external shocks, the Bank of Russia to cope with them and prevent, if necessary, risks to financial stability, says Elvira Nabiullina. As the Central Bank plans to do this, she told the Congress in Kazakhstan
(Photo: Evgeny Reasonable / statements / TASS)
Chairman of the Russian Central Bank Elvira Nabiullina said that with the possible strengthening of external shocks, the Bank of Russia, in its opinion, will be able to locate risks to financial stability. This position it expressed at the Congress of financiers of Kazakhstan, reports “RIA Novosti”. During his speech, the head of the Russian Central Bank also said the regulator plans to deal with possible difficulties.
“We have already used these tools and sure that you will be able in a timely manner to stop the risk of financial stability in a situation the possible increase of external shocks”, — said Nabiullina.
For example, one of the tools to maintain financial stability in Russia, said the head of the Central Bank, was suspending purchases of foreign currency in terms of the budget rules.