The Ruble Will Stabilize Because Russia Says It Will Stabilize


Russian Finance Minister Anton Siluanov says his country’s currency is just about ready to end its Ukraine-invasion-, passenger-jet-downing-, Western-sanction-, and oil-price-plummeting-induced freefall, even though none of the things causing it are going away any time soon. He didn’t elaborate, but we’re sure that Vladimir Putin’s finance minister has his ways.

Mr. Siluanov said that the ruble is set to find an "equilibrium" close to its current levels, adding that the currency's weakening is fueling inflation, the central bank" main target. The officials did not, however, say where they think that equilibrium might be.

Russian Officials Say Ruble to Stabilize Soon [Dow Jones via Nasdaq]