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The Russian central bank on Monday raised its key interest rate to 20% from 9.5% to counter risks of rouble depreciation and higher inflation. Russia has also ordered companies to sell 80% of their foreign currency revenues, the central …
Europe’s reluctance to compromise on its energy supplies has for now taken one of the most impactful measures off the list of international sanctions against Russia over its operation in Ukraine
The Russian government has announced its readiness to take measures to protect the country's financial markets and major companies from sanctions and other threats. "The government has formed clear-cut plans for measures to …
The Bank of Russia unveiled its first emergency measures in an attempt to stabilize the financial market, the bank's press service reported. The central bank said it will intervene in the foreign exchange market for the …
Russia's central bank raised its key interest rate sharply to 9.5% on Friday, increasing the cost of borrowing by 100 basis points for the second time in a row, and said a further rate increase was possible. "If the situation …
Russia’s international reserves gained 0.2% or $1.4 bln and amounted to record-breaking $639.6 bln as of January 21, the Central Bank said on Thursday. The Central Bank noted that reserves increased as a result of foreign currency …
The Bank of Russia will focus on the development of domestic payments with the digital ruble. This was stated by the Director of the Bank of Russia's Financial Stability Department. According to her, cross-border …
The Bank of Russia has proposed to ban the issuance, mining and circulation of cryptocurrencies in Russia in order to alleviate the dangers caused by the proliferation of cryptocurrencies, the regulator said in a report on Thursday. …
Russia's central bank raised its key interest rate sharply to 8.5% on Friday, increasing the cost of borrowing for the seventh time this year to tame stubbornly high inflation, and did not rule out further rate rises. "If the …
Russian international reserves have risen by 0.2% over the week and reached a record high of $ 621.6 billion, as it is given in the materials of the Central Bank. In total, in the period from October 15 to 22, international reserves …
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. …
Russia’s central bank increased its key interest rate sharply to 7.5% on Friday, delivering its sixth hike this year in an effort to tame the highest inflation since early 2016, and indicated that more rate rises were still possible. …
Russia's central bank is likely to revise its annual inflation forecast upwards at its board meeting later this month, the bank's head of monetary policy, Kirill Tremasov, said on Wednesday. "It is still very early to say …
Russia’s Central Bank has again raised its key rate - by 0.25 percentage points to 6.75%, noting that it holds open the prospect of further key rate rises at its upcoming meetings, according to the press release following they key rate …
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 …
