US Fed Has Limited Influence on Russian Markets – Russian Central Bank Head

US Fed Has Limited Influence on Russian Markets – Russian Central Bank Head © Sputnik/ Ruslan Krivobok

14:21 28.02.2016(updated 14:30 28.02.2016) Get short URL
http://sputniknews.com/russia/20160228/1035484356/us-federal-reserve-russian-markets.html

Russian Central Bank head said that US Federal Reserve has no direct influence on the Russian market.

MOSCOW (Sputnik) – The US Federal Reserve has no direct influence on the Russian market, Russian Central Bank Governor Elvira Nabiullina said Sunday.

“One must say that the US Fed does not have such a direct influence on the Russian market. It is mediated through reactionary forces of emerging markets,” Nabiullina said in an interview with the Rossiya-24 broadcaster.

The Federal Reserve is the central banking system of the United States whose purpose is to maintain maximum employment and stabilize prices. The Federal Reserve meets regularly to establish interest rates, the main tool used to influence monetary and credit conditions.

“The Federal Reserve began normalizing its monetary policy, I think they will do it rather gradually,” Nabiullina forecast, adding that markets and investors tempered their expectations of regular interest rate hikes.

She said the Russian Central Bank takes into account US and European regulators’ policies among other factors in its decision-making.

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