The ruble will become an independent and comprehensible

Banks Finansy20-08-2008 ruble will become an independent and clear in a time when the ruble is rapidly losing its weight in relation to major world currencies, the Russian central bank makes another step towards the revolution at the national money market. The Bank of Russia intends to detach from the ruble against the currency basket. About this clearly stated in the document "Main directions of monetary policy for 2009-2011". According to this declaration, the main task of the Central Bank for the past three years is to reduce inflation. Let us recall, almost all previous attempts to curb rising prices ended in failure: this year alone the Bank of Russia four times to increase interest rates three times, reserve requirements, in May launched a planned purchase of currency in addition to the interventions. However, all this proved ineffective. Now Russia's Central Bank decided on drastic steps. The experts noted that "the main directions for 2009-2011." Central bank for the first time does not indicate the boundaries of the appreciation of the ruble. Over the past two years, the Central Bank was trying to specify them as widely as possible - from 0% to 10%. In the next three years, the Central Bank is going to finish the transition to inflation targeting and to continue moving to the regime of freely floating exchange rate, consistently weakening the rigidity of the binding of the ruble against the currency basket. "