Russian Central Bank

Russian central bank proactively hikes key rate

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 …

Ruble rises at the end of the day

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.

Putin comments on key rate growth

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

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

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

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 …

Bank of Russia sharply increases key rate

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 …