A stabilizing effect on the exchange rate. Monetary policy, aim at oman telegram data ensuring that the dynamics of domestic demand correspond to the production capacity of the economy, on the one hand, ensures the stabilization of inflation at the target level, but it also restrains the growth of demand for imports. The weakening of the exchange rate in recent months largely reflects the rapid growth of demand. As demand growth becomes more balanc, including under the influence of our monetary policy decisions, this will also be reflect in the dynamics of the exchange rate.
And one more thing The level of interest
rates directly affects the attractiveness of the national currency as a means of saving, and through this channel it also ruces the demand for foreign currency. When rates on ruble deposits grow, owners of foreign currency have incentives to convert it into rubles and place it at a high interest rate in a bank. It is important here that explanation of complex concepts the level of interest rates really adequately compensate.
The inflation and devaluation expectations
Citizens and businesses. Only in this case will they ao lists transfer their savings from foreign currency to rubles.
— Taking all these factors into account, is the current rate a new equilibrium? Should we get us to it?
