Alexey Zabotkin

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's Central Bank: key rate requires significant change

Russia's Central Bank: key rate requires significant change

The balance of arguments on the movement of the key rate has not changed: the Central Bank of Russia's board of directors will in September assess the advisability of raising it at its upcoming meetings, Russia's Central Bank Deputy …

Bank of Russia to maintain tight monetary policy

Bank of Russia to maintain tight monetary policy

The Bank of Russia admits maintenance of tight monetary policy throughout 2024 for returning inflation to the targeted level of 4%, the regulator’s Deputy Governor Alexey Zabotkin said. "It will probably be …

Russia's central bank explains ruble’s slide

Russia's central bank explains ruble’s slide

The recent weakening of the Russian ruble could be attributed to the fall of global oil prices, Deputy Chairman of the Russian Central Bank Aleksey Zabotkin said on Monday. “There is a deterioration in external conditions, a …

Tougher monetary policy needed to slow inflation in Russia

Tougher monetary policy needed to slow inflation in Russia

Russia needs to toughen monetary policy to slow inflation and lower inflation expectations, Central Bank Deputy Governor Alexei Zabotkin said on Wednesday, days after the bank sharply raised the key rate to curb growing prices. …

Central Bank: tight monetary policy to persist in Russia

Central Bank: tight monetary policy to persist in Russia

There are no conditions for a mild monetary policy in the Russian economy so far, head of the monetary policy department Alexei Zabotkin said. "If there is a situation when we see that inflation is sustainably …

Russian Central Bank gives inflation forecast

Russian Central Bank gives inflation forecast

Inflation will remain near the 4% target in Russia during 2019, director of the Central Bank's department of monetary policy Alexey Zabotkin said. According to Zabotkin, inflation in Russia has slowed thanks to …

 Russia’s central bank says when rate can be cut

Russia’s central bank says when rate can be cut

Russia’s central bank may cut its key interest rate as soon as late 2019 if the economy develops in line with forecasts, the bank’s head of monetary policy department Alexey Zabotkin said. He added that the …