Rouble trading corridor widened as Central Bank changes tack

Rouble trading corridor: The Central Bank on Monday moved a step closer to its goal of a freely floating rouble when it widened the exchange-rate corridor from seven to nine roubles and reduced the intervention threshold for moving the corridor against a dollar-euro basket  down from $1bn to $350m. The moves are part of a long-term policy shift to make inflation a more important benchmark than the exchange rate and the rouble’s trading corridor will be abolished altogether from January next year. The Moscow Times