Russian economy

Key rate may drop to 18% in July - Aksakov

Key rate may drop to 18% in July - Aksakov

The Bank of Russia may reduce the key interest rate by 2 percentage points to 18% annually at its meeting on July 25, 2025, Chairman of the State Duma Committee on the Financial Market Anatoly Aksakov said.

Is it time to cut key rate in Russia?

Is it time to cut key rate in Russia?

The Central Bank of Russia's board of directors will likely consider a key rate cut at the next meeting, if current trends persist and no unforeseen events occur, Russia's Central Bank Governor Elvira Nabiullina said.

Russian ruble named best-performing currency

Russian ruble named best-performing currency

The Russian ruble has staged a stunning rally in 2025, emerging as the world’s top-performing currency so far this year.  In the midst of a special operation, declining oil prices and stiff sanctions, Russia’s ruble has been rising, CNBC reported.

Novak predicts key rate cut

Novak predicts key rate cut

The high key rate of the Bank of Russia is temporary and the current monetary policy will soften next to inflation downward trend, Russian Deputy Prime Minister Alexander Novak said at the Caucasus Investment Forum.

What are risks of economic overcooling in Russia?

What are risks of economic overcooling in Russia?

The current situation points to risks of overcooling in the Russian economy, while inflation is slowing down, Russia's Economic Development Minister Maxim Reshetnikov said during a meeting of the State Duma Committee on Budget and Taxes on …

State Duma assesses US tariffs

State Duma assesses US tariffs

The new US tariffs have come as a shock to European countries, while for Russia, they have confirmed the correctness of its course, State Duma Deputy Slutsky said.