Novak explains how 21% rate affected inflation
The results of the increase in the key rate in Russia are already noticeable, Novak shared. The increase in the rate helped to bring down the growing inflation.
Russian Central Bank
Russian Central Bank may increase key rate in October
The Bank of Russia may increase its key rate at the meeting of the board of directors in October, the regulator’s Deputy Governor Alexey Zabotkin said. "We admit the possibility of an increase in the rate at the …
Aksakov: Key rate may rise to 20%
The Bank of Russia may raise the key rate to 20% to return to 4% inflation.
Cooling-off period should be introduced for loans due to fraudsters
There is an increase in credit fraud in Russia
Russia raises key rate to 19%
According to the decision of the Russian Central Bank's Board of Directors the key rate has been raised from 18% to 19%. In a press release, the Central Bank warns that the rate may be raised again at the next meeting.
Russia's Central Bank analysts raise forecasts for key rate
Russia's Central Bank analysts have again raised their forecasts for the average key rate in 2024, this time to 17.1% from the 16.8% they were predicting in July. The 2025 forecast rises to 16.1% from 15%, 2026 to 11.5% from 10.6%, …
Russia's Central Bank: key rate requires significant change
The balance of arguments on the movement of the key rate has not changed: the Central Bank of Russia's board of directors will in September assess the advisability of raising it at its upcoming meetings, Russia's Central Bank Deputy …
When mass introduction of digital ruble possible in Russia?
If the digital ruble is successfully tested its mass introduction is possible starting July 2025, Russian Central Bank Governor Elvira Nabiullina said. According to her, if everything goes as they plan further on, pilots will be …
Central Bank rejects Turkish rate scenario for Russia
The Bank of Russia will not follow the Turkish scenario and raise the key rate sharply, the regulator’s governor Elvira …
Russia's economy overheating causes rate increase - Central Bank
Russia's Central Bank still assesses the state of the Russian economy as being substantially overheated, Central Bank Governor Elvira …
Russian Сentral Bank's key rate raised to 18%
The Russian Central Bank has raised its key rate to 18%. Previously, it was 16%. The Central Bank of the Russian Federation warned about the need to tighten monetary policy in June.
Russian Central Bank to revise inflation and key rate forecasts
Russian Central Bank’s inflation outlook for this year to be revised — advisor to governor The Russian Central Bank’s inflation outlook for this year will obviously be revised, Advisor to the regulator’s …
Why dollar and euro drop after MOEX ceases trading?
The Bank of Russia set the official dollar rate at 82.6282 rubles for June 20, down 4.41 rubles against the previous indicator. The official euro rate was lowered by 4.21 rubles to 89.0914 rubles. The official yuan rate is fixed at …
Russia's Central Bank may raise key rate to 18% in July
The Russian Central Bank's Board of Directors may consider the same options regarding decisions on the key rate it did in June at its meeting in July, director of the Central Bank's monetary policy department Kirill Tremasov said. …
Central Bank: Russia's economy at peak of overheating
The Russian economy is currently at the peak of being overheated, head of the Bank of Russia’s monetary policy department Kirill Tremasov said. "I think that the peak of economic overheating is the top point of …
Russia's Central Bank keeps key rate
The Russian Central Bank has kept its key rate once again, though it holds open the prospect of increasing it at the upcoming meeting, the bank's press service said. "On 7 June 2024, the Bank of Russia Board of …
Bank of Russia leaves key rate unchanged once again
The Bank of Russia has decided to keep the key rate at 16% per annum again. On April 26, 2024, the Bank of Russia Board of Directors decided to keep the key rate at 16% per annum," the statement reads. …
Azerbaijani Minister of Economy meets with Nabiullina and Manturov in Moscow
The Minister of Economy of Azerbaijan arrived in Moscow. There, Mikayil Jabbarov met with the Head of the Central Bank and Deputy Prime Minister. Information about the negotiations was published by the press services of the Central Bank of the Russian Federation and the Russian Cabinet of Ministers.
Russia's Central Bank “freezes” key rate until year end
The Bank of Russia may shift to reduction of the key rate in the second half of 2024 if inflation continues slowing down stably, the regulator’s Governor Elvira Nabiullina said addressing the State Duma. "If …
Russia's Central Bank retains key rate at 16% per annum
The Bank of Russia once again decided to maintain the key rate at 16% per annum at its second meeting in 2024, the regulator said in its press release. "Current inflationary pressures are gradually easing but remain …
