The first deputy chairman of the Central Bank of Russia, Ksenia Yudayeva, reported today that the Central Bank intends to include in its stress scenario for monetary policy the probability of a sharp fall of the price of oil to $60 a barrel.Yudayeva specified that the shock scenario is necessary "to practice some actions which will need to be made to limit negative consequences."
The first deputy chairman of the Central Bank of Russia, Ksenia Yudayeva, reported today that the Central Bank intends to include in its stress scenario for monetary policy the probability of a sharp fall of the price of oil to $60 a barrel.
Yudayeva specified that the shock scenario is necessary "to practice some actions which will need to be made to limit negative consequences."
