Russia Central Bank Cuts Forex Interventions By Half
Russia's central bank will halve its forex sales from January, reducing support for the ruble as energy revenues decline. Economists expect the ruble to weaken.
Insights:
Russia's central bank announced on December 26, 2026, that it will halve its daily foreign currency sales starting January 2026. This policy shift will see the bank reducing its forex interventions from 8.94 billion rubles to 4.62 billion rubles per day. The decision, coupled with parallel reductions by the National Wealth Fund, will lead to a 30% drop in combined state forex sales to 10.22 billion rubles starting January 12.
