Inflation in Russia

Central Bank: Russia's economy at peak of overheating

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

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

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 annual inflation slows down to 7.42%

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

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 …

Key rate in Russia rises to 15%

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

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 …

Putin predicts inflation rate

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

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 …

Bank of Russia keeps key rate unchanged

Bank of Russia keeps key rate unchanged

Russia’s Central Bank has kept the key rate at 7.5% per annum for the fifth consecutive time, noting that it would consider the necessity of key rate hike to stabilize inflation at the targeted level of 4% at its forthcoming meetings. …

Siluanov expects decline in Russia's inflation

Siluanov expects decline in Russia's inflation

Inflation in Russia is under control and it is expected to decrease during the first half of the year, Finance Minister Anton Silyuanov said. "Inflation is under control, inflation is going down, and it will …