Against this background, the dollar exchange rate reached 100 rubles, the euro exchange rate – 113 rubles.
The Board of Directors of the Russian financial regulator decided to raise the key rate.
From February 28, 2022, this figure will be 20% per annum.
This is stated on the website of the Central Bank of the Russian Federation. The increase in the key rate is explained by changes in external conditions.
The regulator said that this step will help raise deposit rates to levels that compensate for inflation and devaluation risks, which will help protect the savings of Russians.
Further, the Central Bank of the Russian Federation intends to rely on an assessment of risks from both external and internal conditions when making decisions.
Experts spoke about the measures taken by the Russian financial regulator.
According to economist Konstantin Selyanin, such a sharp increase has occurred in Russia at least twice. For example, in 2014, when the rate was raised from 10 to 17%.
Before that, the increase occurred in 1998 from 60 to 300%, but then there was also a devaluation of the ruble.
“The main and obvious goal of the Central Bank is now– to raise the key rate so that loans become expensive and, accordingly, speculative money, including borrowed money, went to the foreign exchange market ”, – said the Villager.
He noted that now the Russian financial sector has been hit by a hail of sanctions, which is why the Central Bank of the Russian Federation will have to look for workarounds.
The expert considers the arrest of the reserves of the Central Bank of the Russian Federation to be a worsening factor. A similar thing happened in Iran in 2012.
The villager noted that he does not rule out further changes in the rate, and also recalled that the regulator announced other support measures to ban foreigners from selling shares of the Russian Federation, as well as instructing banks to ease loan conditions in the form of eliminating penalties and penalties for delinquency, writes Е1.ги .
Against this background, the dollar exchange rate at the auction on the Moscow Exchange exceeded the mark of 100 rubles and amounted to 100.9624 rubles. The euro has exceeded 113 rubles and is trading at the level of 113.52 rubles.
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