Russia Seen Sticking to 2015 Free Float Amid Ruble Flurry
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Russia won’t speed up its plan to allow the ruble to trade freely next year, even as the central bank’s continued defense of the currency has cost almost $24 billion this month.
The Bank of Russia will shift to a free-floating currency and introduce a formal inflation targeting regime early next year, according to 21 of 28 economists surveyed by Bloomberg. Six said the monetary authority will delay the plan and one predicted it would make the move earlier.