Russian c.bank: Low inflation, not currency restrictions, will stabilise rouble

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, April 12 (Reuters) - Russia's Central Bank Governor Elvira Nabiullina on Wednesday said low inflation would help stabilise the rouble and spoke against seeking to manage the Russian currency's exchange rate.


Lawmakers in the State Duma, Russia's lower house of parliament, had asked whether new currency restrictions were needed to stabilise the rouble rate, but Nabiullina said this would make the situation worse and adversely affect Russia's economic growth.
(Reporting by Elena Fabrichnaya and Alexander Marrow; and Alex Richardson)

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