Russian Central Bank

Russia’s annual inflation grows to 17.8% in April

Russia’s annual inflation grows to 17.8% in April

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 …

Russian central bank lowers key rate to 14%

Russian central bank lowers key rate to 14%

Russia's central bank lowered its key interest rate to 14% in a sharper-than-expected move on Friday and said it saw room for cutting rates further this year, as it tries to manage a shrinking economy and soaring inflation. "If …

Russia’s international reserves increase to $611 billion

Russia’s international reserves increase to $611 billion

Russian international reserves grew by 0.3% over the week of April 8-15, the Russian Central Bank said. "As of April 15, international reserves amounted to $611.1 billion, having increased over the week by $1.7 billion, or …

Russia does not face risks of default - Bank of Russia

Russia does not face risks of default - Bank of Russia

Russia has all necessary financial resources, there is no threat of default, Governor of the Bank of Russia Elvira Nabiullina said on Thursday. "Russia has all necessary financial resources, there is no threat of default," she …

Russia to enter structural transformation period in Q2, early Q3

Russia to enter structural transformation period in Q2, early Q3

The Russian economy still has reserves, though they will end, Central Bank Governor Elvira Nabiullina said addressing the State Duma (lower house) on Monday, adding that the country is expected to enter the period of structural transformation in …

Russia central bank lifts ban on buying foreign currency

Russia central bank lifts ban on buying foreign currency

The Russian central bank has relaxed temporary capital control measures, which were introduced to support the domestic currency and prevent capital outflows. According to the Bank of Russia, starting on April 18, domestic banks are once …

Russians allowed to transfer rubles to their foreign accounts

Russians allowed to transfer rubles to their foreign accounts

There are no restrictions on the transfer of funds in rubles by Russian residents to accounts opened in foreign banks, the Central Bank informs. Since March 1, residents of Russia have been banned from transferring foreign currency to …

Russia's international reserves for April 8 announced

Russia's international reserves for April 8 announced

Russia's international reserves from April 1 to April 8 amounted to $609.4 billion, the Russian Central Bank press service reports. "International reserves as of April 8 amounted to $609.4 billion, having increased over the …

Russian Central bank cuts key rate to 17%

Russian Central bank cuts key rate to 17%

The Russian central bank sharply cut its key rate to 17% on Friday and said it holds open the prospect of further cuts at upcoming meetings. Last month, the central bank kept its key interest rate at 20% following massive emergency hike …

Russia eases some curbs on transferring money abroad

Russia eases some curbs on transferring money abroad

Russia's central bank said on Friday it was softening restrictions on foreign fund transfers for individuals for a six-month period. The bank said the measures, which raise an earlier limit on funds that can be transferred abroad, …

Central Bank to resume stock market trading

Central Bank to resume stock market trading

On Monday, March 28, the Central Bank of Russia will resume trading on the Moscow Exchange, the message of the Central Bank of the Russian Federation reads. ""The Bank of Russia decided to conduct trading on the Moscow …

Russia limits funds movement to unfriendly states

Russia limits funds movement to unfriendly states

Russia has imposed restrictions on the movement of funds to unfriendly countries for a comparable amount in response to the freezing of part of its gold and foreign exchange reserves by Western countries, the Central Bank said on Friday. …