Ruble, measures for banks and exchange markets in recovery and eyes … – BBC

THE CRISIS OF Oil

Milan , December 17, 2014 – 15:10

     
     
 

It relieves tension in the markets after the measures in support of the ruble launched by the Bank Central Moscow at the end of the emergency meeting convened by the Russian Prime Minister Dmitri Medvedev in his residence in Gorki. Among other things it was launched a plan to recapitalize banks, a moratorium on collateral for loans and eventual nationalization. In addition to the economic ministers and the governor of the Central Bank Elvira Nabiullina, the summit was attended by the presidents of the tax authorities and the leaders of the major exporters of energy. At the end of a session the heavy bags are all in recovery, the Milan Stock resets losses.

Eye of the US

The markets also look to the US where they are expected guidance on rates and monetary policy by the Fed, while Europe has to deal with low inflation. The annual rate of price growth in the euro area in November stood at 0.3%, down from 0.4% the previous month, and in the European Union fell to 0.4% from 0.5% October. According to Eurostat data, a year ago the rate was 0.9% in the eurozone and by 1% in the EU-28 negative rates were recorded in Bulgaria (-1.9%), Greece (-1.2 %), Spain (-0.5%) and Poland (-0.3%), while in Italy stood at 0.3%.

Medvedev

“The ruble – said Medvedev – Today is undervalued” and its change does not reflect the current state of the economy “. The premier has called “no sense to impose a very rigid regulation in this sphere,” and assured that Russia “has the necessary reserves to meet all economic and political goals.”

December 17, 2014 | 15:10

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