Ignatyev wants stronger ruble

RUSSIA - Sergei Ignatyev, chairman of the Central Bank of Russia, on Tuesday reaffirmed his desire for a stronger ruble, saying that the bank is adopting a policy that implies a "gradual inflation decline and a certain appreciation of the ruble to prevent the negative tendencies in the economy."

"We think that the appreciation of the ruble in real terms by 4 to 6 percent a year is completely acceptable, and this is the sort of goal we are setting for our monetary policy," Ignatyev said.


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