12 Sep 2018 11:16

Volatility in Russian financial markets prompted by emerging market events, likely to decline by year-end - Kolychev

MOSCOW. Sept 12 (Interfax) - Volatility in Russian financial markets stems from problems which other emerging markets have run into, and it is likely to decline by year-end, Deputy Finance Minister Vladimir Kolychev told reporters.

"What's happening right now in Russia is an extension of what we are seeing in other developing markets. It rarely goes on for a long time. By the end of the year [volatility will decline]," Kolychev said.

"On Friday, the Central Bank will make the only correct decision, which will reflect positively on the economy, on citizens, companies, the FX market and other financial markets," he said in response to a question regarding expectations for the Central Bank board of governors meeting on monetary policy due on September 14.