Bank of Russia Owes Explanation of Policy Clash, Ulyukayev Says
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Russia’s central bank should better explain its policies to avoid wrong-footing investors, Economy Minister Alexey Ulyukayev said in a newspaper interview.
The bank’s commitment to inflation-targeting and a free-floating ruble exchange rate may be confusing alongside its goal of rebuilding international reserves, Ulyukayev told Kommersant in comments published Thursday. The market is starting to malfunction, he said.