ECB Suspends Publication of Euro-Ruble Exchange Rate
FILE: The euro sign sculpture stands illuminated outside the former European Central Bank (ECB) headquarters at dusk in Frankfurt, Germany, on Thursday, Oct. 20, 2016. U.K. Prime Minister Theresa May will put her Brexit deal to Parliament for a decisive vote on Dec. 11, but after her plan was savaged from all sides, the signs are shes on course to lose. The vote will mark the moment when British politicians decide whether to accept the contentious divorce terms May has struck with the European Union -- or put the country on course to crash out of the bloc with no agreement in place. Our editors look back at some of the key photographs that capture the Brexit journey. Photographer: Bloomberg/Bloomberg
, Photographer: Bloomberg/Bloomberg
Alessandra Migliaccio, Bloomberg News
(Bloomberg) -- The European Central Bank has suspended the publication of its euro-ruble exchange rate, according to a Bank of Italy statement.
“Given current market conditions, the ECB is not able to determine an exchange rate that is representative of prevailing market conditions,” the central bank said in the statement. The last rate was published on March 1.
The ruble headed for a third day of losses as Russia pressed on with its invasion of Ukraine. Volumes are a fraction of their normal levels after Russia’s central bank introduced capital controls earlier in the week and shuttered local stock trading for the longest stretch since 1998.
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