The Central Bank does not see the need to intervene in the foreign exchange market

© RIA Novosti / Natalia to Seliverstova in fotobanka on the building of the Central Bank of Russia. Archival photoThe Central Bank does not see the need to intervene in the foreign exchange market© RIA Novosti / Natalia to Seliverstova the image Bank

The Bank of Russia has a complete set of tools to stabilize the situation on the currency market and is ready to use it, however, does not see the need for special intervention in the situation, said the first Deputy Chairman of the Central Bank Ksenia Yudaeva.

«The market’s ability to adapt has allowed to avoid risks to financial stability. The immediate reaction from the Central Bank is not required, but no need for an immediate response does not mean that the Bank of Russia keeps its finger on the pulse,» said Yudaeva at a banking forum «Treasury 2018».

«On the contrary, we are very closely monitoring the situation, and we have a full range of tools that we will be ready to use in case of threats to financial stability for their relief,» — said the first Deputy Chairman of the Central Bank.

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