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.
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 Central Bank has filed a lawsuit seeking 18.2 trillion roubles ($229.36 billion) in damages from Belgian central securities depository Euroclear, a Moscow court said on Monday.
Annual inflation in Russia continues to slow down, and all persistent factors point to its further deceleration in 2026, according to a report prepared by the Bank of Russia’s Research and Forecasting Department.
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 exceeded $310,7 billion for the first time on December 1, 2025, according to a report released by the Russian Central Bank.
The Central Bank of Russia is lifting restrictions on foreign currency transfers abroad for both Russian citizens and individuals from "friendly" countries, effective December 8.
The Central Bank of Russia has reported substantial expansion in national foreign currency reserves, with total international reserves now reaching $734 billion.
According to the Governor of Russia's Central Bank, Elvira Nabiullina, the Russian economy has recovered relatively quickly despite the difficult 2022.
The Central Bank of Russia continues to cut its key rate. The rate has declined by 3.5 percentage points over the past five months, from 21% to 16.5%.
Russia's international reserves rose to a record high in a week, reaching almost $723 billion, with the Central Bank citing positive revaluation as a key growth factor.
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.
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 Andrey Kostin expects a reduction in Russia's key rate, which currently stands at 18%.
The Central Bank will consider lowering the key rate at its September meeting, with a potential decrease of 1 or 2 percent, according to VTB.
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 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.
In July, Russia's international reserves set a new record, rising to $695.5 billion, according to the Central Bank.
The US currency continues its upward trend for the second consecutive day. The day before, it rose above 80 rubles for the first time in a month and a half, while today it exceeded 82 rubles.
The U.S. dollar is showing a 1.21% increase on the Russian interbank market, climbing above 80 rubles, according to data from the Finam trading platform.
Russia's Central Bank has cut its key rate for the second consecutive time - by 2 percentage points this time to 18% per annum.