The ruble's decline in value has prompted speculation about potential emergency measures to stabilize it. However, the Bank of Russia has stated that existing policies are sufficient to manage the current market conditions and that no such measures are necessary.

The central bank has suspended its foreign currency purchases under the budget rule in response to the sanctions imposed by the United States on Russian lenders, including Gazprombank. This move has allowed the ruble to recover some of its losses. As the central bank navigates the implications of the sanctions on the Russian economy, there is growing market speculation about a potential increase in the key interest rate.