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Russia hopes to close gap between interest rates
RBC, 19.11.2009, Moscow 12:26:17.The gap between interest rates on the Russian and western market may be brought down to 2-3 percentage points in the next year or two, First Deputy Chairman of the Bank of Russia Alexei Ulyukayev told journalists today. He maintains that in this case, speculative operations on the Russian currency market would become unprofitable, and thus speculative players would lose all motivation. At the same time, Ulyukayev stated that this should not affect the amount of investments. "I am certain that an investor making a decision wants to know how secure his money is and how likely he is to recover his capital. He is much less interested in exchange rate fluctuations," he noted.
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