Moscow. December 11. The Bank of Russia does not expect the fed’s rapid and sharp increase in rates, said the head of the Central Bank Elvira Nabiullina.
In her opinion, the question now is not will increase or will not increase the fed rate at the meeting next week as market participants expect a rate hike very likely. This, according to Nabiullina, is already reflected in the price of various assets.
“Where there remains uncertainty for investors is the uncertainty of the cycle rate increases by the fed, what would be the steps to normalize monetary policy US – it will quickly, dramatically or slowly, gradually. And here if there will be a rethinking of the dynamics of investors increase bets the fed may be increased volatility. But I don’t think the fed will raise rates quickly and sharply”, – she said.
According to Nabiullina, the fed’s decision will give greater clarity to investors. “A certain volatility in the markets, it’s expected, but I don’t think she will be important,” she said.