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President of the National Bank of Georgia Koba Gvenetadze commented on the alarming devaluation of the lari. According to him, the devaluation of the national currency is caused by external shocks and reduction of …
The board of directors of Russia's Central Bank has cut its key rate today by 25 bp to 7.25% per annum. "Inflation slowdown is continuing. At the same time, inflation expectations remain elevated. Russian economy’s growth …
A second consecutive interest rate reduction is possible at the Russian central bank’s next meeting on July 26, Russia's Central Bank Governor Elvira Elvira Nabiullina said at the International Financial …
Under its baseline scenario, the Russian Central Bank plans to complete its monetary easing cycle by mid-2020, the bank chairwoman Elvira Nabiullina said. At its last board meeting in June, the central bank considered …
Russia has became one of the main drivers in the process of dedollarization last year, the European Central Bank said in its June report on the strengthening of the role of the euro in the global economy. According to the authors of the …
The board of directors of Russia's Central Bank has cut its key rate by 25 bp to 7.5% per annum, for the first time since March 2018, the regulator said in a press release. "Annual inflation slowdown is continuing. In May, …
Russia’s net capital outflow reached $35.2 billion in January–May of 2019, Russia's Central Bank said, citing preliminary data. In 2018, Russia’s net capital outflow amounted to $67.5 billion, while …
Fast expansion of consumer lending in Russia are no threat to financial stability, Russia's Central Bank Chairwoman Elvira Nabiullina said. "Yes, growth dynamics are high, but they are similar to mortgage …
Russia's Central Bank chief Elvira Nabiullina said that the Bank of Russia is ready to consider an opportunity for reduction of the key rate in the short run. "We raised the key rate at the turn of the last …
Azerbaijani President Ilham Aliyev has received a delegation led by Regional Director of the World Bank for the South Caucasus Mercy Tembon today in Baku, according to the presidential press service. …
Russian central bank Governor Elvira Nabiullina said that a cut to the key interest rate was still possible in the second or third quarter of 2019. The central bank has continued the policy of diversifying its …
The shareholders of Russia’s biggest lender Sberbank reelected German Gref as CEO of the bank for a period of four years, at an annual general meeting today. The current contract of Gref will expire by …
The International Monetary Fund staff team said that easing Russia's monetary policy now appears appropriate. According to them, now it's time to cut the key rate. "Monetary policy has been successful in …
The International Monetary Fund (IMF) staff team said the cleanup of Russia's banking sector needs to be completed, the authorities also need to continue strengthening bank supervision and regulation. According to the …
Russia’s Central Bank head Elvira Nabiullina said there are no grounds to accuse Moscow of manipulating the ruble exchange rate, as she stated. Nabiullina recalled that Russia has a floating exchange rate. …
The Russian Central Bank Chief Elvira Nabiullina said that Russia’s gold and foreign currency reserves stand at a comfortable level and have almost reached the $500 billion target. "Last year reserves …
First Deputy Chairman of Russia’s Central Bank Dmitry Tulin said that about three-quarters of its plan to clean up the banking system are completed. According to Tulin, Russia’s central bank does not …
The board of directors of Russia's Central Bank held its key interest rate at 7.75% today in line with market expectations, but said it could consider cutting rates as early as June. "If the situation develops in line with …
Azerbaijan’s central bank cut its refinancing rate to 8.75% from 9%, CBA Chairman Elman Rustamov said. The central bank also lowered its rate corridor by the same margin, nudging the lower boundary down to …
The Asian Development Bank (ADB) is providing a 60 million Georgian lari ($22.3 million) loan and a $500,000 technical assistance grant to Georgia's Credo Bank to launch new products including home improvement and mortgage loans to lower …
