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The head of the Bank of Russia Elvira Nabiullina believes that inflation in Russia will be a long-term phenomenon. She expressed this opinion in an interview with the Financial Times. “We had a very long period of high inflation …
Three-quarters of the Russian adult population (over 75% of those polled) use online money transfers. This figure rose 20% in May 2021, according to a poll conducted by the Bank of Russia. "More than 75% of the Russian adult …
Russia plans to keep the U.S. dollar in its international forex reserves despite the general “de-dollarisation” of its financial system, Central Bank Governor Elvira Nabiullina said on Monday, speaking on Bloomberg TV. …
Russia’s central bank will consider raising its benchmark interest rate by between 25 and 100 basis points from the current 5.5% at its next rate-setting meeting on July 23 to rein in inflation, Governor Elvira Nabiullina said on …
The Bank of Russia considers food prices fixation as part of tackling inflation dangerous, the regulator’s Chief Elvira Nabiullina said in an interview with the Komsomolskaya Pravda newspaper. "The price is a balance between …
Russia’s economy has recovered to the pre-crisis level and even surpassed it in certain sectors, Central Bank Chief Elvira Nabiullina said, addressing the State Duma (lower house) on Tuesday. "The economy has recovered to the …
For the second time in a row, the Bank of Russia raised the key rate by 0.5 percentage points to 5.5% per annum, according to the regulator's statement. "On 11 June 2021, the Bank of Russia Board of Directors decided to …
Central Bank Governor Elvira Nabiullina on Thursday said inflation expectations were at a four-year high and had been elevated for several months already, saying that supply shortages and people changing their purchasing behaviour over fears of …
Russia’s Central Bank Chief Elvira Nabiullina considers it necessary to gradually wind up the anti-crisis measures to avoid the risks of bubbles on the lending market. "It is necessary to wind up the anti-crisis measures …
The SWIFT international payment system has confirmed to the Central Bank that it will work in Russia as usual and there is no risk that the country will be disconnected from the system, First Deputy Chairman of the Central Bank Olga …
Russia’s Central Bank has increased its key rate for the second time this year - to 5% from 4.5% per annum, according to a statement released following the meeting of its board of directors on Friday. "On April 23, 2021, the …
The United States' new anti-Russian sanctions will include restrictions linked with Russia’s sovereign debt, Reuters said on Thursday citing its sources. According to Reuters, the new batch of sanctions is expected to be …
Russia is considering raising interest rates further, having hiked the key rate to 4.5% in March, the central bank’s head of monetary policy, Kirill Tremasov, said in a video posted by the Bank of Russia, Reuters reports. …
The Russian central bank will consider holding or raising interest rates at its April 23 board meeting as inflation is seen hovering above the 4% target throughout 2021, the bank’s head of monetary policy, Kirill Tremasov, said. …
The Bank of Russia considers the current level of oil prices to be fair, the First Deputy Chairman of the Central Bank of the Russian Federation, Sergei Shvetsov, said addressing the audience at the All-Russian Week of Financial Literacy. …
The debt burden ratio of Russians at the macro-level (DBR, the ratio of all payments under relevant loans to total income of the population) increased to record-breaking 11.7% as of 2021 year-start, according to papers for the presentation of …
The Bank of Russia raised the key rate for the first time since December 2018 - by 0.25 percentage points to 4.5% per annum and said it could be raised again at following meetings, the regulator said on Friday. "On 19 March 2021, …
Russia intends to create the most favorable conditions for domestic investment, Kremlin spokesman Dmitry Peskov said. "The state is going to and is obliged to create the most favorable conditions for internal business investments. …
President of the Russian Central Bank Elvira Nabiullina said she has been vaccinated against the coronavirus. "I had the vaccine back in December. Everything’s great, so you should think about it too," Izvestia …
Russia's central bank held its key interest rate at a record low of 4.25% on Friday and said it will not cut rates further, planning instead to start gradually raising them at some point in the future when inflation stabilises near its …
