Russia Signals Ruble Defense ‘Any Time’ Amid Currency Rout
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Russia’s central bank said it’s ready to step in at any time to prop up the ruble as the world’s worst-performing currency over the past three months extended declines.
The demand for dollars is creating conditions for risks to financial stability to emerge, the Bank of Russia in Moscow said in a statement on its website today. The monetary authority said it’s also ready to “use its other financial-market tools.”