Will Sberbank be privatized?
The chairperson of the Central Bank of Russia Elvira Nabiullina said that it would be possible to discuss privatization of Sberbank after the restoration of the Russian banking market and the growth of confidence …
Elvira Nabiullina
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Russia’s Central Bank reduces key rate by 3%
The board of directors of Russia’s Central Bank decided to cut the key rate by 25 basis points (which is 3% of the previous rate of 8.25% per annum) at the meeting on October 27. The board said that inflation holds close to 4%. …
Russia's central bank lowers inflation forecast
Russia's Central Bank sees full-year inflation at around 3.2% in 2017, Central Bank Governor Elvira Nabiullina said. Nabiullina said that inflation in Russia is currently below 3% but it does not suggest a deviation …
New 200 and 2000-rouble banknotes presented
New 200 and 2000-rouble banknotes were introduced by Russian Central Bank Governor Elvira Nabiullina and Goznak General Director Arkady Trachuk at a video conference between Moscow, …
Nabiullina: Russia’s banking system stable
Russia’s banking system is stable, the Central Bank Chief Elvira Nabiullina said in an interview aired by the Rossiya-24 TV news channel. "The banking system is stable. We have to monitor general indicators …
Kremlin: Central Bank independent in taking decisions towards problematic banks
Russia's central bank is independent in taking decisions towards problematic banks and doesn't need an approval by the Kremlin, the Kremlin spokesman Dmitry Peskov said. "The central bank fully …
Bank of Russia lowers inflation forecast for end of 2017 to 3.5-3.8%
The Bank of Russia has lowered its forecast for inflation for the end of 2017 to 3.5-3.8%, head of the Bank of Russia Elvira Nabiullina told a press conference, TASS reports. "We have also adjusted our inflation …
Russia’s Central Bank to assess biggest banks for risk management by yearend
Russia’s Central Bank plans to assess the country’s biggest lenders for risk management system and capital adequacy, the regulator’s Chief Elvira Nabiullina said Thursday, TASS reports. "The Bank of Russia will …
Central Bank to prevent state share growth in banking sector
The Central Bank of Russia is going to prevent further growth of the state share in the Russian banking sector, the head of the Bank of Russia, Elvira Nabiullina, said today. "I would like to confirm our intentions not to allow a …
Russia to grow by 1.3-1.8%
Russia's Central Bank Governor Elvira Nabiullina said that economic growth of 1.3-1.8 percent is expected for this year. "The global economy is entering a new cycle of increasing cyber risks that endanger …
Russian Central Bank may take pause in rate cuts
The Bank of Russia may take a pause in further key rate cuts, the Russian Central Bank governor Elvira Nabiullina said. "We are discussing such an option but from our point of view, we need to complete some …
Nabiullina's term of office as Russian Central Bank chief extended
The Russian State Duma voted to extend the term of office of Elvira Nabiullina as the Russian Central Bank’s Governor for another 5 years. The new term will begin on June 24, 2017, TASS reported. …
Russian Central Bank: cold spring to speed up inflation
Russia's consumer price growth is set to accelerate in coming months but this is unlikely to prevent inflation from slowing to the central banks' target of 4% this year, analysts at the Russian central bank said. In a monthly …
Nabiullina: Russian business already feels benefits of low inflation
Russia Central Bank Governor Elvira Nabiullina noted today that Russia's economy has been growing in quarterly terms for already three quarters. She pointed out that the main task of the central bank is to …
Russian Central Bank to increase its oil prices
Russia's Central Bank governor Elvira Nabiullina said that in mid-June the bank could revise higher its baseline scenario for oil in 2017 to trade at $40 a barrel. "I think that oil price dynamic …
Sergei Hestanov: "Raw materials-based economy model exhausted itself"
On the eve of the St. Petersburg International Economic Forum, the head of the Central Bank of Russia, Elvira Nabiullina, announced the list of global challenges that the Russian economy is currently facing, including a slowdown in global …
Russian Central bank head: small steps are better when cutting rates
Russia's central bank governor Elvira Nabiullina said she prefers cutting interest rates in small steps as the bank gradually eases monetary policy, adding that inflation expectations needed to be dampened further. …
Russian Central Bank close to its goal
Inflation in Russia has dropped to 4.1% in annual terms, Chairman of the Central Bank Elvira Nabiullina said. "In March, inflation has dropped to 4.3%. As of April 17, inflation has already dropped to 4.1% in …
Russian Central Bank ready to reduce key rate this year
The Russian Central Bank may cut the key rate by 25 or 50 basis points in the second quarter of this year, the bank's governor Elvira Nabiullina said. "On the whole the current economic situation inspires hope. …
Government predicts economic growth in Russia
Russian Economic Development Minister Maxim Oreshkin said that the data for the first months of this year indicate that the Russian economy has entered a new phase of growth. However, in order to increase it, it is necessary …
