Moscow. January 29. The dollar and the Euro stayed at a small disadvantage against the ruble on the Moscow stock exchange on Friday afternoon, responding to the results of the meeting of the Board of Directors of the CBR. Market participants considered that the key rates is logical in the current conditions.
The dollar was worth at 13:53 UTC + 75,92 ruble (down 48 cents to its previous close); the Euro at this point was 82,93 ruble (down 57 cents).
Even before the message about the results of the meeting of the Board of Directors of the Central Bank of the Russian Federation exchange reduced morning falling (to the lowest levels since January 6) in response to fluctuations in world prices of oil. When it became known that the Bank of Russia kept its key rate unchanged at 11%, currency rates remained at current levels.
Experts note that the strengthening of the ruble on Friday contributes to the rising oil prices and improving sentiment in capital markets. In addition, the decision of the Central Bank coincided with market expectations.
“The decision of the Central Bank to leave its key interest rate unchanged can be attributed to several factors. First, the situation on the currency market today is unstable, changing rates in one direction or another will only add to nervousness. Secondly, the situation with inflation and the balance of payments is now quite stable and sharp movements are not required. Finally, the Bank of Russia is behaving with extreme caution, giving the financial system to adapt to incoming events”, – said the head of marketing strategy and research VTB 24 Dmitry Lepetikov.
“The ruble on the decision of the regulator, as expected, did not respond,” said analyst GK Forex Club Irina Rogova. According to her, the movement of quotations of currencies determines the dynamics of oil prices. “Overall, the Bank of Russia gave to understand that in case of aggravation of inflation risks, he will be ready to go on raising rates, but this factor is ignored the ruble”, – she added.
The ruble strengthened on Friday the fourth auction in a row amid rising oil prices and improving sentiment in capital markets. For the period from the close of trading on Monday, January 25, the dollar fell by 5.2%, the Euro by 4.6%, according to experts of “Interfax-CEA”.