Russian c. bank says recent oil volatility in line with forecast

Russian c. bank says recent oil volatility in line with forecast

A recent increase in oil price volatility is for now in line with the Russian central bank’s base forecast, the bank’s monetary policy chief, Alexei Zabotkin, said on Thursday, Reuters reported.

Zabotkin also said that the central bank would consider the rationale for increasing interest rates in conditions of uncertainty.

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