Nabiullina: the level of geopolitical risks is increased, but the Central Bank has tools to maintain stability

Nabiullina: the level of geopolitical risks is increased, but the Central Bank has tools to maintain stability

Nabiullina: the level of geopolitical risks is increased, but the Central Bank has tools to maintain stability

The level of geopolitical risks in the world is increased, including specific Russian ones, but the markets for the most part have included them in the value of assets, and if the situation develops, the Central Bank of the Russian Federation has the tools to maintain stability, Elvira Nabiullina said.

“Various kinds of geopolitical risks now exist. Indeed, their level is increased, it is associated with the expectation of elections in the United States, and with their overall impact on the economy, world politics, on the situation in the global financial markets. Everyone is worried about how trade relations will develop. The United States and China and the situation with Brexit. There is a lot of uncertainty, there are specific risks for us, “she said at a briefing following the meeting of the board of directors on the rate. According to Nabiullina, all these situations are always considered by the Bank of Russia.

“But as for the impact on financial and currency indicators, a significant part of investors, the markets have already included this in asset prices,” she said. “If the situation develops further, we have a set of tools that allow us to maintain stability in any situation,” the chairman said.

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