Nabiullina: the Central Bank will do everything to maintain finstabilnosti

Nabiullina: the Central Bank will do everything to maintain finstabilnosti


In conditions of high uncertainty regarding the prospects of not only the oil market but also the global economy, the Central Bank considers it important to be prepared for the most unfortunate turn of events, said the Chairman of the Bank of Russia Elvira Nabiullina.

MOSCOW, 3 Nov. The CBR is ready to use all instruments to maintain financial stability with an increase in adverse risk, said the Chairman of the Bank of Russia Elvira Nabiullina in the state Duma.

She noted that in conditions of high uncertainty regarding the prospects of not only the oil market but also the global economy as a whole, the Central Bank believes that it is important to be prepared for the most unfortunate turn of events.

“For this we consider a risky scenario. In the case of rise of risks we are willing to use the entire Arsenal of available instruments, measures, including the implementation of sales of foreign currency to maintain financial stability, the increasing amount of foreign currency refinancing. Such tools have already tested, and we are ready to apply in the event of such adverse circumstances”, — said Nabiullina.