Novak explains how 21% rate affected inflation
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.
Inflation in Russia
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 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%, …
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 …
Central Bank rejects Turkish rate scenario for Russia
The Bank of Russia will not follow the Turkish scenario and raise the key rate sharply, the regulator’s governor Elvira …
Russian Central Bank to revise inflation and key rate forecasts
Russian Central Bank’s inflation outlook for this year to be revised — advisor to governor The Russian Central Bank’s inflation outlook for this year will obviously be revised, Advisor to the regulator’s …
Central Bank: Russia's economy at peak of overheating
The Russian economy is currently at the peak of being overheated, head of the Bank of Russia’s monetary policy department Kirill Tremasov said. "I think that the peak of economic overheating is the top point of …
Russia's Central Bank keeps key rate
The Russian Central Bank has kept its key rate once again, though it holds open the prospect of increasing it at the upcoming meeting, the bank's press service said. "On 7 June 2024, the Bank of Russia Board of …
Gref: Ruble to be stable until year-end
According to the Chairmanof Sberbank, the ruble exchange rate will be quite stable in 2024. It is expected that the national currency exchange rate will remain in the range of 90-95 rubles.
Russia's Central Bank “freezes” key rate until year end
The Bank of Russia may shift to reduction of the key rate in the second half of 2024 if inflation continues slowing down stably, the regulator’s Governor Elvira Nabiullina said addressing the State Duma. "If …
Russia's annual inflation slows down to 7.42%
Annual inflation in Russia in December 2023 slowed down to 7.42% compared to 7.48% in November. In monthly terms, consumer prices increased by 0.73%, the Russian State Statistics Service (Rosstat) reported. According to …
Bank of Russia ready to increase key rate once again
Russia’s Central Bank will increase the key rate again unless it sees sustainable slowdown of inflation and inflation expectations' cooling, the regulator’s Deputy Governor Olga Polyakova said. "At …
Russia's Central Bank to continue raising key rate
The Bank of Russia has effective tools to reduce inflation to the target of 4%, and will be ready to raise the key rate for this purpose, the regulator’s …
Key rate in Russia rises to 15%
Today, the Central Bank raised the key rate from 13% to 15%. The decision is related to inflationary pressures.
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 …
Bank of Russia does not rule out additional key rate hike
The Bank of Russia does not rule out an additional increase in the key rate in case of stronger pro-inflationary risks, the press service of the regulator said. The …
Inflation in Russia not to exceed 5% in 2023
Inflation in Russia stood at 3.4% as of early July, Russian Prime Minister Mikhail Mishustin said at a meeting with President Vladimir Putin, …
Russian central bank preparing to hike key rate
Russia's central bank may raise its key interest rate at its July 21 meeting after keeping the cost of borrowing unchanged since September last year, …
Putin predicts inflation rate
Inflation rate in the Russian Federation will be about 5% at the end of 2023. This was stated by the President of Russia. He noted that this was a "normal indicator".
Bank of Russia retains key rate
The Bank of Russia retained the key rate at 7.5% per annum for the sixth time in a row, the regulator said in a statement on Friday. "Current price growth rates, including the stable indicators of inflation, continue …
