In addition to the tense geopolitical situation and constant sanctions rhetoric, sharp changes in monetary policy in the world can become a “black swan” for the ruble exchange rate, Polina Kryuchkova, Deputy Minister of Economic Development, said in an interview with Izvestia.
“In the short term, this may put additional pressure on the exchange rate, and on bond yields, and on Russian stock indices. Maybe this pressure for the Russian Federation will be less sensitive than for other countries that belong to emerging markets (developing markets), but nevertheless, ”she noted.
At the same time, Polina Kryuchkova emphasized that a too strong ruble is just as bad for the economy as a too weak one.
“Another thing is that now, in principle, very atypical processes are taking place in the global economy as a whole, even despite the geopolitical factor. For example, we have diverged prices for oil and gas. This directly affects the exchange rate of the ruble,” the deputy minister stated.
According to the official forecast of the Ministry of Economic Development, the average annual exchange rate of the ruble in 2022 will be 72.1 rubles / $.
Read more in an exclusive interview with Izvestia:
“The main risk is foreign markets”
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
