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The principle of reciprocity should be the basis when establishing currency bans and restrictions, the Bank of Russia said in its report on Thursday. "The principle of reciprocity should be relied on when establishing currency bans …
The Bank of Russia will promote acceleration of the transfer of currency assets to national currency and will introduce further measures aimed at reducing banking transactions in dollars and euro, the regulator said on its website. …
The board of directors of the Russian Central Bank has decided to cut the key rate by 150 basis points to 8% per annum, thereby substantially exceeding market expectations. "Current consumer price growth rates remain low, …
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 …
The memorandums of interbank cooperation signed with Russia will soon be put into practice, the Iranian Central Bank's Governor, Ali Salekhabadi, said after talks in Moscow on July 7-8. "We will implement the memorandums of …
The Central Bank of Russia has decided to increase significantly the limit on transferring funds abroad, the regulator said in a statement. As of July 1, individual residents and citizens of friendly countries will be able to …
The Bank of Russia sees a possibility of further reducing the key rate, the regulator’s Governor Elvira Nabiullina said on Wednesday.
Russia has scrapped a ban on Russian residents channelling funds they raise in securities trading with non-residents to foreign banks’ accounts, the finance ministry said on Thursday. The decision came into force on June 17, the …
External conditions have changed for long for Russia, if not forever, Central Bank Governor Elvira Nabiullina said at a session of the St. Petersburg International Economic Forum (SPIEF) on Thursday. "External conditions have …
Monetary policy will retain the necessary disinflationary impact to bring inflation back to its target in 2024, the Bank of Russia said in a statement following a meeting of the Board of Directors. "The Bank of Russia’s …
The Central Bank of Russia's board of directors decided at its Friday meeting to lower the key rate 150 basis points to 9.5% from 11%, more than the 100 bps cut that the market expected. "The external environment for the …
The Central Bank of Russia (CBR) is studying the imposition of fees on FX accounts and will take oversight measures in necessary: terms of service for existing customers should not be worsened, the regulator said in a statement. "A …
The dollar and the euro rise in price by more than 4.5 rubles on the Moscow Exchange on Thursday, exceeding 63 rubles and 66 rubles. respectively. As of 13:28 Moscow time, the dollar exchange rate on the Moscow Exchange was at the level …
European Union states have reported the freezing of about 23 billion euros ($24.5 billion) of assets of the Russian Central Bank, a top EU official said, revealing for the first time a figure that was expected to be much higher. Russia …
Russia's central bank lowered its key interest rate to 11% at an off-schedule meeting on Friday and said it saw room for more cuts this year. The central bank held the extraordinary meeting after cutting the key rate to 14% in …
The Russian central bank denied the report that it had started purchasing foreign currency in order to stop the rouble's strengthening. Earlier on Monday, it was reported that the Russian central bank had started …
Russian banks are allowed to sell foreign currency in cash to individuals without restrictions, with the exception of euros and dollars, from May 20. For dollars and euros a special procedure will remain in place until September 9, the …
Annual inflation in Russia in April increased by 1.14 percentage points to 17.8%, the monthly price growth adjusted for seasonality, amounted to 1.5%, the Bank of Russia reported. "Weekly price growth slowed down during the month …
The Russian central bank on Monday said Russian residents and non-residents from friendly states will be able to channel foreign currency abroad equivalent to up to $50,000 a month, from the previous limit of $10,000. Non-residents from …
The Bank of Russia believes that the imposed sanctions and restrictions on the export of Russian goods and imports will remain until 2024, the regulator said in a report on monetary policy on Wednesday. "The Bank of Russia assumes …
