First Deputy Chief of the Russian Central Bank Kseniya Yudayeva said that quantitative easing in the U.S. will not threaten the financial policy of the Bank of Russia. Ms. Yudayeva is not expecting any direct influence from the U.S. regulators’ measure on how the business of the Central Bank of Russia is conducted. Ms. Yudayeva expressed no concern over the possibility that Russia’s current monetary policy could run into unexpected risks as a result of the U.S. Federal Reserve’s new course of action. The goals of the Bank of Russia remain the same, i.e. to keep inflation within the target range and to diminish currency intervention.

According to the Central Bank’s Deputy Chief, any action of state intervention warranting changes to Russia’s monetary policy will be undertaken only in the case that the exchange rate starts affecting inflation.