fxstreet.com 12 Feb, 2021 13:45 am

Monetary easing cycle is over

Monetary easing cycle is over
Central Bank of Russia Governor Elvira Nabiullina said on Friday that the monetary easing cycle is over but added that they don't yet have a timeline

Central Bank of Russia Governor Elvira Nabiullina said on Friday that the monetary easing cycle is over but added that they don't yet have a timeline for a return to a neutral policy, as reported by Reuters."We will consider the time to return to a neutral policy when inflation steadies at 4%," Nabiullina concluded.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.It also does not guarantee that this information is of a timely nature.

Market reaction The USD/RUB pair retreated modestly from daily highs after these comments and was last seen gaining 0.Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress.

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