Putin called the adequate reaction of the Central Bank and the Government of the currency crisis – RBC

Russian President Vladimir Putin on the big annual press conference at the World Trade Center Moscow

The president admitted that the government and Central Bank “have questions about the timeliness and quality measures,” but in general their actions Head of State considered adequate. “I think that the central bank and the government shall take adequate measures in the current situation. There are also questions to the government and the central bank to the timeliness, quality of interventions, but overall absolutely adequate, in the right direction the action takes place, “- Putin said.

Putin said that the crisis in Russia economy were caused by external factors. In his opinion, Russia has failed to sufficiently diversify their economies. However, according to Putin, the economy “will adapt to lower energy prices,” and the situation will recover in the worst case in two years.

He also said that the Central Bank does not intend to blindly “shoot” their reserves, amounting to 8.3 trillion rubles. Putin praised the strategy as “correct.” « You can run into Nabiullina , but the overall policy of the Central Bank is adequate,” – he confirmed. The president hopes that key rate, the Central Bank raised will go down as the economy adapt to the situation.

In addition, the President hopes that the downward trend in foreign exchange rates against the ruble will continue. “I hope that today’s and yesterday’s decline in foreign exchange rates and increase the value of the ruble will continue,” – he said.

Putin also said that you can not blame for the situation to take on the Central Bank. Need, in his opinion, take other measures to the government line. The president said that the government should do this in the “manual mode” daily. Need, according to the president, to meet with exporters, manufacturers and monitor the prices of food, fuel and other goods. Efforts, Putin said, must be collective and reasonable, to coordinate their should be timely.

«Not only the Central Bank is responsible for the situation in the country”, – Putin said.

On Tuesday, December 16 currencies against the ruble reached their absolute all-time highs. The Bank of Russia did not try to intervene in the foreign exchange market through intervention. Euro on the day which is called “Black Tuesday”, reached the mark of 100.74 rubles., And the dollar rose to 80.10 rubles. Initially, traders said that the Central Bank made no attempt to intervene after the regulator itself has officially recognized it.

RBC is a text online broadcast of the press conference.