Yudayeva: ruble will be stable, if external factors remain unchanged

The first deputy chairman of the Russian Central Bank, Ksenia Yudayeva, in an article published in the Vedomosti newspaper, tries to answer the main, in her opinion, economic issues: what determines the dynamics of the ruble and why the ruble began to strengthen after a strong decline at the end of last year?

The ruble exchange rate will remain relatively stable if there are no significant changes in external factors [significant changes in oil prices, imposing new sanctions or lifting existing ones, unexpected changes to monetary policy in other countries], she believes.

In general, she said, there is now a process of stabilization of the course around the new values, which take into account higher-than-expected oil prices in mid-December-early January, and a lower premium for geopolitical risks and the risks of limiting capital flows.