The author posted a question in Business, Finance
Financiers! Please explain the mechanism of how the CBR's key rate affects the Russian ruble exchange rate? and got a better answer
Response from Антон Владимирович[+++++]
A very weak connection and that in the short run. It's safe to say that raising the rate doesn't lower the ruble. Even creditworthiness depends more on the future income of the borrower, not the rate.
Response from 0[+++++]
Very faint connection and then, in short bursts. It's safe to say that raising the rate doesn't lower the ruble. Even creditworthiness depends more not on the rate, but on the future income of the borrower.
Very faint connection and then, in short bursts. It's safe to say that raising the rate doesn't lower the ruble. Even creditworthiness depends more not on the rate, but on the future income of the borrower.
Response from 0[+++++]
The exchange rate is not affected, but affects purchasing power. Because the cost of credit servicing is built into the cost of goods and services.
The exchange rate is not affected, but affects purchasing power. Because the cost of credit servicing is built into the cost of goods and services.
Response from 0[+++++]
Let's wait for Mr. Suslov
Let's wait for Mr. Suslov