Russian Central Bank Spoke About Stability of Country Economy

The First Deputy Head of the Central Bank of Russia, Ksenia Yudaeva, the situation in Russia against the backdrop of the coronavirus pandemic turned out to be more stable than in other states, VM.RU reports with reference to RIA News.  

“The situation in our country in many respects looks somewhat more stable than in similar countries with emerging markets or than in previous episodes with the same high volatility in our country,” Yudaeva said.

It is noted that to date, capital buffers, premiums for systemic significance as a whole exceed 5 trillion rubles. At the same time, the macroprudential buffer formed by the use by credit institutions of premiums to risk factors introduced by the Central Bank to protect the banking sector from excessive lending growth exceeded 700 billion rubles at the end of the first quarter.

Ru-Main, 26.05.2020

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