11 June 2004 04:45
Ignatiyev says higher Western rates won`t influence Russia
MOSCOW, June 11 (Interfax) - Growing interest rates in Western banks would not negatively influence the Russian
financial market, said Central Bank Chairman Sergei Ignatyev.
"Expectations concerning an increase in interest rates in the West were formed long ago. The market is expecting
it. When it happens, it will not cause any problems for Russia," Ignatyev said at a meeting with President Vladimir
Putin on Friday.
This development could result in "some reduction in capital inflow into Russia and some capital outflow from the
country," Ignatyev said. [RU EUROPE ASIA EEU EMRG BNK] va tl
[Interfax] |
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