Russian Officials at Loggerheads on Resuming FX Purchases This Year
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A top Russian central banker dismissed a suggestion from the Finance Ministry that foreign-currency purchases could be restarted before the end of the year in a rare display of public discord among the country’s key policy makers.
“The central bank rarely gives such firm promises, but when we do we mean it,” Ksenia Yudaeva, a first deputy governor at the Bank of Russia, was cited as saying on Thursday by Interfax. “If it’s written in the press release that we’re suspending until the end of the year, it means we are suspending until the end of the year.”