What More Can Russian Central Bank Do for Ruble?

The video discusses the Russian Central Bank's recent actions to stabilize the ruble, including market-based mechanisms and potential capital controls. It highlights market reactions, the credibility crisis, and the impact of household FX demand. The central bank's interventions aim to address financial stability risks, but challenges remain due to devaluation mindsets and oil uncertainty.

What are the potential consequences if the Central Bank's interventions fail?

In what ways might the Central Bank intervene to stabilize the ruble?