19 Nov 2009 11:03

Lower CB rates, floating exchange rate to discourage short-term capital

MOSCOW. Nov 19 (Interfax) - Lower Central Bank rates and a floating exchange rate will reduce the incentive for short-term capital to enter Russia, CB First Deputy Chairman Alexei Ulyukayev said at a conference in Moscow.

"I think lower interest rates and free exchange rate policy will create less and less motivation for short-term capital inflow," Ulyukayev said.