Russian economy

Azerbaijan-Russia Business Council holds meeting in Baku

Azerbaijan-Russia Business Council holds meeting in Baku

The meeting of the Azerbaijan-Russia Business Council was held in Baku on December 2. In addition to officials, the event was attended by representatives of more than 90 members of the Council - institutions and organizations working in …

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 …

Russia raises key rate to 19%

Russia raises key rate to 19%

According to the decision of the Russian Central Bank's Board of Directors the key rate has been raised from 18% to 19%. In a press release, the Central Bank warns that the rate may be raised again at the next meeting.

Gref: economy overheating peak passes

Gref: economy overheating peak passes

The peak of overheating in the Russian economy has been passed, though it is too early to speak about completion of this process, Sberbank CEO German …

Russia's Central Bank analysts raise forecasts for key rate

Russia's Central Bank analysts raise forecasts for key rate

Russia's Central Bank analysts have again raised their forecasts for the average key rate in 2024, this time to 17.1% from the 16.8% they were predicting in July. The 2025 forecast rises to 16.1% from 15%, 2026 to 11.5% from 10.6%, …