Russia’s central bank may want to consider lowering interest rates in June after two increases this year that are adding to the country’s slide toward recession, Economy Minister Alexei Ulyukayev said.
Russia is confident it won’t face industrywide sanctions over its policies in Ukraine because trade bans would hurt the world economy, especially Europe’s, Russian Economy Minister Alexei Ulyukayev said.
Russia’s economy may expand faster than the government estimates this year as the euro-region debt crisis proves to be “manageable” for the country, said central bank First Deputy Chairman Alexei Ulyukayev.
Emerging markets will face currency appreciation pressures and greater volatility of capital flows as central banks in the U.S. and European Union push interest rate increases further into 2011, said Alexei Ulyukayev , first deputy chairman of Russia’s central bank.
Bank Rossii first deputy chief Alexei Ulyukayev may have an edge over other candidates to replace Sergey Ignatiev as chairman of Russia’s central bank when he retires next year, a Finance Ministry official said.