Nabiullina calls a step back focus on China's experience
The Central Bank is skeptical about the idea of following China’s experience in strictly regulating financial markets
Russian Central Bank
Russian Central Bank: forex market "membranes" fraught with risks
Segmentation of the foreign exchange market, including with the use of so-called membranes, will lead to multiple exchange rates and negative consequences for the financial market as a whole, the …
Russian central bank proactively hikes key rate
Russia's Central Bank decided at its board of directors meeting on Friday to raise its key interest rate by 100 basis points to 13%. The Central Bank said that inflationary pressure in the Russian economy remains high. The …
Central Bank to strengthen ruble by selling foreign currency for 150 bln rubles
The Bank of Russia will sell foreign currency for a total amount of 150 bln rubles
Russian Central Bank considers rising of key rate
The Central Bank of the Russian Federation does not rule out raising the key rate due to the growth of pro-inflationary risks
Central Bank sets exchange rate for September 1
The price of the US currency for September 1 is established at the level of 96.33 rubles, the price of the euro rose to 104.94 rubles
Russia wants to unblock foreign assets in move to get its own holdings back
Russia’s government and the Bank of Russia have drafted a decree on unblocking a chunk of foreign assets to be exchanged for Russian …
Bank of Russia does not rule out additional key rate hike
The Bank of Russia does not rule out an additional increase in the key rate in case of stronger pro-inflationary risks, the press service of the regulator said. The …
Russian central bank hikes key rate to 12% in extraordinary meeting
Russia’s central bank sharply made a large interest rate hike of 3.5% at an emergency meeting on Tuesday. The decision to bring the key rate to 12% was announced after an emergency meeting of the bank’s board of …
Ruble rises at the end of the day
The ruble reacted to the message about the meeting of the Central Bank of Russia by strengthening its position on the Moscow Exchange. Thus, the dollar fell below 100 rubles.
Bank of Russia says key rate could well be raised again in month
The Bank of Russia admits an increase in the key rate as early as at the next meeting of its board of directors, the regulator’s …
Putin comments on key rate growth
The President of Russia commented on the sharp increase in the key rate. According to him, it was done due to inflationary pressure.
Сentral Bank issues coin with Rasul Gamzatov
The Central Bank issued a coin with a face value of 2 rubles with the image of the Dagestan poet Rasul Gamzatov. The coin will be available for purchase at banks that have signed a distribution agreement.
Digital ruble's logo unveiled
The Board of Directors of the Bank of Russia has approved the logo of the digital ruble, the central bank announced. "The Bank of Russia Board of Directors has approved …
Digital ruble launched in Russia
A new form of the national currency - the digital ruble - was rolled out in Russia on August 1. In the experimental phase, participants …
Nabiullina reminds of foreign currency deposit risks
Any deposit in a foreign currency bears the currency risk, Governor of the Bank of Russia Elvira Nabiullina said at the press conference …
Bank of Russia sharply increases key rate
Russia’s Central Bank has sharply increased its key rate by 1 percentage point to 8.5% per annum, noting reinforced inflationary pressure in the economy. "On 21 July 2023, the Bank of Russia Board of Directors …
Islamic banking introduced in Russia
Today, State Duma deputies approved in the third, final reading an Islamic banking experiment in Russia
Russia external debt lowest in 16.5 years
For the moment, Russia external debt has fallen to its lowest level since the end of 2006
Nabiullina comments on ruble's weakening
Central Bank chief Elvira Nabiullina said that the ruble's current weakening is explained in large part by foreign trade, but attempts …
