
Russian Central Bank lowers key rate to 20%
The Central Bank of Russia has changed the key rate for the first time this year, reducing it to 20%.
The Central Bank of Russia has changed the key rate for the first time this year, reducing it to 20%.
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.
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 …
The Russian ruble has become the world's most profitable currency due to the U.S. dollar weakening, Bloomberg reported, citing economists. …
Russia's international reserves have increased, setting a new historical high. As of April 4, they amounted to $658 billion, the Central Bank reports.
The share of cashless payments in Russia has now reached 86%, according to Governor of the Bank of Russia Elvira Nabiullina. "We are …
Weekly inflation data indicate that price growth is continuing to slow, Russia's Central Bank governor Elvira Nabiullina said. …
The Russian Central Bank does not rule out raising the key rate if the slowdown in inflation does not proceed at the expected pace, Deputy …
The Russian Central Bank does not rule out the possibility of raising the key rate if the pace and sustainability of the fall in …
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 …
The upcoming meeting of the Central Bank will focus on the advisability of raising the key rate, which is currently at a historical maximum in Russia.
The key rate will remain unchanged in Russia. The decision was made by the Central Bank today. Since the end of October, the rate has been kept at 21%.
Russia’s Central Bank has decided to keep its key rate at 21% per annum contrary to analysts’ projections, noting though that it will assess the need of raising the rate at the next meeting. "On December …
The Bank of Russia has published the exchange rates of foreign currencies for tomorrow, raising the dollar and euro rates for the second day in a row.
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 …
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 …
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 …
The results of the increase in the key rate in Russia are already noticeable, Novak shared. The increase in the rate helped to bring down the growing inflation.
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 …
The Bank of Russia may raise the key rate to 20% to return to 4% inflation.