Dollar rises above 80 rubles for first time since spring
The US dollar has risen to its highest level against the ruble since April, trading near 80 rubles.
The US dollar has risen to its highest level against the ruble since April, trading near 80 rubles.
The Russian Central Bank’s key rate will decline to 10% by the end of 2027, according to a forecast by Bloomberg.
Deputy Chairman of the Central Bank of Russia Alexey Zabotkin warned about a change in the forecast for the key rate, scheduled for a meeting on July 24.
Contrary to many expectations, the ruble has been trading within an established range of 75-85 rubles per U.S. dollar, Director of the Monetary Policy Department at the Bank of Russia Andrey Gangan said during the Bank of Russia's Financial Congress.
The Russian economy is already overcooled, it is necessary to lower the key rate, chairman of Sberbank's board of directors Herman Gref said at the annual meeting of Sberbank's shareholders.
Today's meeting of the Bank of Russia's Board of Directors concluded with a decision to bring the key rate down to 14.25%.
The dollar exchange rate was set at 72.74 rubles on June 18 by the Central Bank, which also increased the euro rate.
Russia's Central Bank could reduce its key rate to 10% by year's end, Anatoly Aksakov, Chairman of the State Duma Committee on Financial Markets, reported.
Russia's Central Bank has set the official dollar rate at 70.95 rubles for May 21, 2026.
Russia’s international reserves increased by $13.5 bln in one week to $771 bln as of May 8, 2026, the Russian Central Bank reported.
The first Islamic banking standard may appear within a month, Chairman of the State Duma Committee on the Financial Market Anatoly Aksakov said at the Russia - Islamic World: KazanForum.
The conflict in the Middle East remains the factor of uncertainty and will lead to inflation acceleration globally under the base case forecast of the Bank of Russia, Central Bank chief Elvira Nabiullina said at the press conference after the Board meeting.
Russia's Central Bank has reduced its key rate by 50 basis points to 14.5% per annum, the regulator stated in a press release following its board of directors meeting.
The Bank of Russia has lowered its key rate by 0.5 percentage points to 15% per annum for the second time since the beginning of the year, according to the regulator’s press release following a meeting of its board of directors. …
The Central Bank of Russia may decide to lower its key rate to 15-14.5% at its upcoming meeting, according to Chairman of the State Duma Committee on Financial Markets Anatoly Aksakov.
Russia's Central Bank published a press release following today's Board of Directors meeting. The decision was made to lower the key rate.
The Russian economy is currently stable, Prime Minister Mikhail Mishustin stated.
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.
The value of Russia's gold reserves has increased by over $200 billion in the past four years due to rising global prices, according to US media reports.
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.