MOSCOW: The head of the Russian central bank expressed concern on Thursday (Friday in Manila) about the volatility of the ruble, which has been shaken by fluctuations in the price of oil, and said a rate hike may be needed to counteract inflation risks.
“Right now, there is elevated volatility. This worries us,” Elvira Nabiullina said at a meeting with commercial bankers, cited by Russian news agencies.
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