The growth of foreign currency deposits ceased - Ulyukayev

The growth of foreign currency deposits in banks has evaporated, and all share now stands at about 32%. Told First Deputy Chairman of Bank of Russia Alexei Ulyukayev. "Foreign currency deposits of the population ceased to grow, the value of their stable," he said. In addition, the Bank of Russia notes cessation of growth of currency in correspondent accounts of legal entities in banks, as well as halting foreign currency liabilities of banks. In particular , remains on foreign exchange accounts with the Bank of Russia has fallen from 42 billion on February 1 to 40 billion dollars at present. Ulyukayev said that in February it was clear change in devaluation expectations. "Business on devaluation expectations, it can be said to have disappeared" - he said , noting that they have ceased to engage in banking and non-financial organizations. In this case, Ulyukayev noted that at the present time, many experts have come from the fact that the current account surplus for the year will be negative, and expect a huge outflow of capital. "I think it would be quite positive trade balance in the tens of billions of dollars and a small positive current account balance, "- he said. He believes that capital outflows may be less than that laid down in official calculations, since a significant outflow of capital has already occurred in the form of travel funds to currency accounts banks. According to him, if in the first quarter's expectations are realized, "it will send a strong signal to market participants that they have not thought about the possibility to earn a devaluation." "And then it will mean that we can soften the policy interest rate several instruments of the Central Bank ", - said Ulyukaev. In addition, he noted that it is possible that in the second half of the year will be more likely to strengthen the ruble than weakening. Ulyukayev noted that during the past two weeks, volatility in the foreign exchange market decreased.