Russian Finance Minister comments on US Fed raising base interest rate
The decision of the US Federal Reserve System to raise the base interest rate is predictable and will not have a significant impact on the Russian economy, Russian Finance Minister Anton Siluanov said.
"The decision of the Federal Reserve System is predictable and it will not have a significant impact on the Russian economy, which is resistant to changes on commodity and capital markets. Russia has positive macroeconomic indicators, a strong balance of payments, a stable budget. There are no grounds for capital outflow risk and the ruble remains an attractive currency for investors, including foreign ones," TASS cited Siluanov as saying.
On Wednesday, the US Federal Reserve System acting as the national central bank, raised the base interest rate by 25 basis points to 1-1.25%. Experts expected the Fed rate increase.