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MarketsConfirmedMedium
5.8

CBR: Ruble Weakness Driven by Lower Oil-Linked Currency Sales

The Central Bank of Russia attributes August's ruble depreciation to reduced currency sales from lower oil prices in June-July, with additional pressure from net-seller demand. This signals continued FX supply constraints and potential inflationary pass-through, though the central bank's stance on intervention remains unclear.

Interfax2 days agoRUCredibility 44%View source

Score Breakdown

Mosaic Score5.8
Confidence0.7
Significance0.5
Source credibility0.4

Intelligence Tags

#ruble#currency#oil#central-bank#russia

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