Kirill Tremasov

Russia's Central Bank may raise key rate to 18% in July

Russia's Central Bank may raise key rate to 18% in July

The Russian Central Bank's Board of Directors may consider the same options regarding decisions on the key rate it did in June at its meeting in July, director of the Central Bank's monetary policy department Kirill Tremasov said. …

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 …

Bank of Russia forecasts GDP growth

Bank of Russia forecasts GDP growth

The Bank of Russia forecasts high growth rate of the national GDP in the second quarter of this year, department director of the Central Bank Kirill Tremasov said. "If we look at polls of enterprises we are holding, …

Russian Central bank sees signs of stabilisation in economy

Russian Central bank sees signs of stabilisation in economy

The Russian economy is now showing signs of stabilisation, the central bank's head of monetary policy said on Tuesday, after taking a hit from unprecedented Western sanctions imposed against Moscow. However, Kirill Tremasov, who …

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. …