July 17, 2018 / 9:36 AM / 3 months ago

Russia central bank says latest sanctions dented ruble

MOSCOW (Reuters) - The Russian ruble would have been firmer by 2-4 percent as of end-June if not for the latest round of U.S. sanctions imposed in April and the threat of more to come, the central bank said on Tuesday.

FILE PHOTO: A woman holds new 200 and 2,000 rouble banknotes in a bank in Moscow, Russia November 21, 2017. REUTERS/Maxim Shemetov

The central bank also said inflationary expectations among investors in Russian government bonds increased in June, which could have been linked to the decision to lift value-added tax from next year.

Investors now see annual inflation some 40 basis points higher than earlier thought until 2023, the central bank said in a report on banking sector liquidity.

(This version of the story has been refiled to remove the extraneous word from the headline.)

Reporting by Andrey Ostroukh; Editing by Robin Pomeroy

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