CB: the reaction of markets to increase bets the fed may be positive


MOSCOW, October 10. The markets may react positively to the increase in the discount rate of the Federal reserve system (FRS) the USA. This was stated by the Chairman of the Bank of Russia Elvira Nabiullina.

“Of course, it can be increased volatility. But some experts say a rate hike by the fed, if it happens in a timely manner and will be properly communicated, could be perceived by markets as a signal that the us and world economy is steadily growing, and it can be a optimistic background”, – said Nabiullina in an interview with TV channel “Russia 24”.

“We are ready for any scenario. If there will be strong fluctuations, we have a whole set of tools for exposure”, – said the head of the Bank of Russia.

The Federal reserve system of the USA can take the decision to start rate hike before the end of this year, as stated previously, fed Chairman Janet Yellen. In her view, in favor of this option says that the US inflation is approaching 2%, and the problems in the global economy is not serious enough to abandon plans for a rate hike, which had remained unchanged at 0-0. 25% since the financial crisis of 2008. At the same time, she stressed that the final decision on this issue pending, and it will depend on the situation on the labour market and price stability.