Bloomberg News

Russian Central Bank Can Provide ‘A Lot’ of Liquidity as Needed

October 06, 2011

Oct. 6 (Bloomberg) -- Russia’s central bank is ready to provide “a lot” of liquidity if needed, First Deputy Chairman Alexei Ulyukayev said today in an interview with Bloomberg Television in Moscow.

Ulyukayev said the bank sought to stem the ruble’s volatility and not defend the currency with $8 billion of sales last month on the domestic market. More interventions are “possible but not most probable” as pressure on the ruble goes down, Ulyukayev said.

To contact the reporter on this story: Caroline Connan in London at cconnan@bloomberg.net

To contact the editor responsible for this story: Paul Abelsky at pabelsky@bloomberg.net


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