key rate

Russian central bank proactively hikes key rate

Russian central bank proactively hikes key rate

Russia's Central Bank decided at its board of directors meeting on Friday to raise its key interest rate by 100 basis points to 13%. The Central Bank said that inflationary pressure in the Russian economy remains high. The …

Turkey's central bank raises key rate to 25%

Turkey's central bank raises key rate to 25%

Turkey’s central bank raised its key interest rate by 7.5 percentage points on August 24, signaling it was willing to follow through on a new commitment to damp inflation through monetary policy. …

Putin comments on key rate growth

Putin comments on key rate growth

The President of Russia commented on the sharp increase in the key rate. According to him, it was done due to inflationary pressure.

Bank of Russia sharply increases key rate

Bank of Russia sharply increases key rate

Russia’s Central Bank has sharply increased its key rate by 1 percentage point to 8.5% per annum, noting reinforced inflationary pressure in the economy. "On 21 July 2023, the Bank of Russia Board of Directors …

Turkey's central bank rises interest rate to 15%

Turkey's central bank rises interest rate to 15%

Turkey’s central bank delivered a large interest rate hike Thursday, raising its key rate by 6.5% points to 15%. The increase, which is a significant jump from the current 8.5%, is the first since March 2021. The central bank …

Bank of Russia retains key rate

Bank of Russia retains key rate

The Bank of Russia retained the key rate at 7.5% per annum for the sixth time in a row, the regulator said in a statement on Friday. "Current price growth rates, including the stable indicators of inflation, continue …

Bank of Russia keeps key rate unchanged

Bank of Russia keeps key rate unchanged

Russia’s Central Bank has kept the key rate at 7.5% per annum for the fifth consecutive time, noting that it would consider the necessity of key rate hike to stabilize inflation at the targeted level of 4% at its forthcoming meetings. …

Bank of Russia keeps key rate unchanged

Bank of Russia keeps key rate unchanged

Russia’s Central Bank has kept its key rate at 7.5% per annum for the fourth time running, noting the rate increase possibility should pro-inflation risks intensify, according to a statement released by the regulator. "The …

Turkish central bank cuts key rate

Turkish central bank cuts key rate

Turkey's central bank lowered its key rate by 50 basis points to 8.5% on Thursday. "It has become even more important to keep financial conditions supportive to preserve the growth momentum in industrial production and the …

Key rate in Russia may be cut to 6.5%

Key rate in Russia may be cut to 6.5%

This year, the key rate may be reduced to 6.5%, the chairman of the State Duma committee on the financial market, Anatoly Aksakov said. “I admit that the Central Bank, analyzing the situation, may gradually reduce the key rate. …

Bank of Russia retains key rate at 7.5% per annum

Bank of Russia retains key rate at 7.5% per annum

The Bank of Russia once again decided to keep the key rate at 7.5% per annum, the regulator reported on Friday. "The Bank of Russia Board of Directors decided to keep the key rate at 7.50% per annum. Current consumer prices are …

U.S. Fed increases base interest rate to 4.25-4.5%

U.S. Fed increases base interest rate to 4.25-4.5%

The US Federal Reserve System acting as the national central bank has increased the base interest rate by 50 basis points to the level of 4.25-4.5% per annum, the Federal Open Market Committee (FOMC) said Wednesday after the meeting. …