Klepach Is Confident of Rubles’ Steadiness

STRASBOURG, France — Russia has no need for a tighter monetary policy, thanks to fading inflationary risks and a stronger ruble that can firm on the back of a strong current account surplus, Deputy Economy Minister Andrei Klepach said Sunday. “We do not assume there is a need to raise rates. There are no factors [in place] for an acceleration in inflation,” Klepach said […]