Russian Central Bank

Central Bank of Russia cuts key rate

Russia's Central Bank published a press release following today's Board of Directors meeting. The decision was made to lower the key rate.

Key rate to be cut in small steps - RSPP head

The need to assess how the value-added tax hike at the start of 2026 and a number of other factors have impacted inflation will probably lead the Central Bank of Russia (CBR) to cautiously approach interest rate cuts and move in "small steps" until April, head of the Russian Union of Industrialists and Entrepreneurs (RSPP) Alexander Shokhin said.

Bank of Russia reduces key rate to 16%

The Bank of Russia slashed the key rate by 50 basis points to 16% per annum for the fifth time in a row amid the decline in current price growth rates but highlighted increased inflation expectations.

Russia's gold reserves up by $112bln

Russia's gold reserves have increased by $112 billion in just one year, thanks to rising prices for the precious metal, according to the Bank of Russia data.

Russia's gold reserves exceed $300 billion

Russia's gold reserves exceeded $310,7 billion for the first time on December 1, 2025, according to a report released by the Russian Central Bank.

Central Bank comments on ruble exchange rate

Fluctuations in the ruble exchange rate are occurring at fairly strong levels, so it is not worth talking about a systematic weakening of the exchange rate, Russia's Central Bank Deputy Governor Alexei Zabotkin said.

Russia's Central Bank lowers key rate to 17% per annum

The Bank of Russia has cut the key rate for the third consecutive time, this time by 1%, bringing it down to 17% per annum, the regulator said in a statement. "The board of directors of the Central Bank of Russia has …

VTB CEO predicts key rate cut

VTB CEO Andrey Kostin expects a reduction in Russia's key rate, which currently stands at 18%.

Russian central bank: further rate cut possible in 2025

Russia's central bank may be able to cut its key interest rate from 18% this year if inflation slows rapidly, but it does not rule out holding it at that level in order to achieve a sustainable slowdown in price growth, head of the bank's monetary policy department Andrei Gangan said.

Russia’s foreign debt up by 11%

Russia’s foreign debt amounted to $323 bln as of July 1, 2025, which is 11.1% (or $32.2 bln) higher than in early 2025, according to files released by the Russian Central Bank.

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