© Reuters. FILE PHOTO: An exterior view shows Russia’s Central Bank headquarters in Moscow, Russia March 29, 2021. REUTERS/Maxim Shemetov
(Reuters) – The Russian central bank, which raised its key rate to 20% in an emergency move, did not carry out foreign currency interventions on Monday due to the latest Western sanctions, Central Bank Governor Elvira Nabiullina.
Nabiullina did not say who was selling dollars and euros on the market on Monday that helped the rouble recover from record lows.
Nabiullina said the central bank stood ready to support the banking sector that turned into a structural deficit of liquidity due to high demand for cash.