Russian economy

Russian Central Bank may increase key rate in October

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 …

Russia raises key rate to 19%

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.

Gref: economy overheating peak passes

Gref: economy overheating peak passes

The peak of overheating in the Russian economy has been passed, though it is too early to speak about completion of this process, Sberbank CEO German …

Russia's Central Bank analysts raise forecasts for key rate

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%, …

Russian economy growing faster than expected - Mishustin

Russian economy growing faster than expected - Mishustin

The Russian economy is growing faster than previously forecast, Russian Prime Minister Mikhail Mishustin said at a meeting with Head of the Federal Tax Service Daniil Egorov. "Our economy continues to grow faster than …

When mass introduction of digital ruble possible in Russia?

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 …

Russian Сentral Bank's key rate raised to 18%

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.