Russia's Nabiullina Downplays Ruble Volatility, Signals No Intervention

Bank of Russia Governor Elvira Nabiullina stated that current ruble exchange rate fluctuations are not excessive under current conditions, suggesting the central bank is unlikely to intervene. This signals tolerance for continued ruble weakness, which may reflect underlying economic pressures. The statement is notable for its dovish tone on currency stability, potentially affecting market expectations for FX policy.

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