Russian Central Bank

Novak predicts key rate cut

Novak predicts key rate cut

The high key rate of the Bank of Russia is temporary and the current monetary policy will soften next to inflation downward trend, Russian Deputy Prime Minister Alexander Novak said at the Caucasus Investment Forum.

What are risks of economic overcooling in Russia?

What are risks of economic overcooling in Russia?

The current situation points to risks of overcooling in the Russian economy, while inflation is slowing down, Russia's Economic Development Minister Maxim Reshetnikov said during a meeting of the State Duma Committee on Budget and Taxes on …

Bank of Russia keeps key rate at 21%

Bank of Russia keeps key rate at 21%

The Bank of Russia has decided to keep the key rate at 21% per annum for the third meeting in a row. "On March 21, 2025, the Bank of Russia Board of Directors decided to keep the key rate at 21% per annum," the …

Russia's Central Bank comments on ruble exchange rate

Russia's Central Bank comments on ruble exchange rate

The Russian Central Bank maintains the floating rate policy but if volatility starts posing threat to financial stability, the regulator has tool to mitigate risks, Deputy Governor of the Bank of Russia Philipp Gabuniya said. The key …

Russia to face record key rate hike as ruble tumbles

Russia to face record key rate hike as ruble tumbles

In 2024, Russia's key interest rate may be raised by two percentage points to 23%, first deputy CEO of VTB Dmitry Pyanov said. "We forecast it will increase in December to 23% and will be maintained …

Russia's Central Bank announces plans to cut key rate

Russia's Central Bank announces plans to cut key rate

The Bank of Russia may start lowering its key rate next year provided there are no new shocks, the regulator’s Governor Elvira Nabiullina said at a plenary session in the State Duma. "We believe that our policy …

Russian Central Bank may increase key rate in October

Russian Central Bank may increase key rate in October

The Bank of Russia may increase its key rate at the meeting of the board of directors in October, the regulator’s Deputy Governor Alexey Zabotkin said. "We admit the possibility of an increase in the rate at the …