What More Can Russian Central Bank Do for Ruble?

The video discusses the Russian Central Bank's recent actions to stabilize the ruble, including market-based mechanisms and potential capital controls. It highlights market reactions, the credibility crisis, and the impact of household FX demand. The central bank's interventions aim to address financial stability risks, but challenges remain due to devaluation mindsets and oil uncertainty.

What was the market's reaction to the Russian Central Bank's initial move?

• The market saw it as a complete failure.

• The market expected more aggressive interventions.

• The market was highly optimistic.

• The market was indifferent.

What is the current strategy of the Central Bank to manage the ruble's devaluation?

• Implementing capital controls immediately.

• Using market-based mechanisms.

• Ignoring the devaluation.

• Relying solely on foreign aid.

Under what condition might the Central Bank consider capital controls?

• If massive interventions fail.

• If the ruble appreciates significantly.

• If market-based interventions succeed.

• If oil prices stabilize.

What behavior among households has influenced the Central Bank's recent actions?

• A decrease in foreign travel.

• A shift to using only local currency.

• Increased spending on luxury goods.

• Resumed dollar hoarding behavior.

What are the two main factors putting pressure on the ruble?

• High inflation and unemployment.

• Rising interest rates and trade deficits.

• Political instability and sanctions.

• Credibility crisis and oil uncertainty.