Donetsk, Aug 14 — DAN. The Central Bank of the Russian Federation will adjust the monetary policy to stabilize the inflation rate, the CBR press service told the Donetsk News Agency noting that there was no threat to the country’s financial stability.

 A decrease in exports and a growing demand for imports amid strong domestic demand caused the ruble to slip against major foreign currencies, the regulator said.

The Central Bank will toughen the monetary policy in order to keep the inflation at 4 percent in 2024. The key interest rate is likely to increase. “As of today, there is no threat to financial stability, ” the press service said.

Head of the Russian parliament committee on financial market Anatoly Aksakov told DAN that the government fully controlled the ruble rate. The factors that contributed to the falling ruble have largely exhausted themselves by now, he said.

On Monday, the ruble-to-dollar rate at the Moscow Currency Exchange topped 100 rubles for the first time since March 23, 2022; the euro trades at some 110 rubles.*jk