key rate

U.S. Fed raises rates by half a percentage point

U.S. Fed raises rates by half a percentage point

The U.S. central bank has announced its biggest interest rate increase in more than two decades as it toughens its fight against fast rising prices. The Federal Reserve said it was lifting its benchmark interest rate by half a …

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 …

Why Turkey keeps rate unchanged

Why Turkey keeps rate unchanged

Turkey kept interest rates unchanged for a fourth straight month despite a surge in inflation past 60%, putting more onus on the central bank’s unconventional policies to tether the lira

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 …

Bank of Russia keeps its key rate at 20%

Bank of Russia keeps its key rate at 20%

The Bank of Russia at a meeting of the Board of Directors on Friday decided to keep the key rate at 20% per annum after its sharp unscheduled increase on February 28 from 9.5%, the regulator said in a press release. "On …

Armenian central bank raises key rate

Armenian central bank raises key rate

Armenian Central Bank's Board has raised today the refinancing rate by 1.25 percentage points, setting it at 9.25%. According to the press service of the regulator, the Lombard repo rate is set at .75%. The rate of lending to …

Bank of Russia raises key rate to 20%

Bank of Russia raises key rate to 20%

The Russian central bank on Monday raised its key interest rate to 20% from 9.5% to counter risks of rouble depreciation and higher inflation. Russia has also ordered companies to sell 80% of their foreign currency revenues, the central …

Russia raises key rate sharply to 9.5%

Russia raises key rate sharply to 9.5%

Russia's central bank raised its key interest rate sharply to 9.5% on Friday, increasing the cost of borrowing by 100 basis points for the second time in a row, and said a further rate increase was possible. "If the situation …

Russia's central bank  raises key rate sharply to 8.5%

Russia's central bank raises key rate sharply to 8.5%

Russia's central bank raised its key interest rate sharply to 8.5% on Friday, increasing the cost of borrowing for the seventh time this year to tame stubbornly high inflation, and did not rule out further rate rises. "If the …

Turkish Central Bank cuts key rate further despite lira slump

Turkish Central Bank cuts key rate further despite lira slump

Turkey's central bank slashed its policy rate by 100 basis points to 14% as expected on Thursday, carrying on with Turkish President Recep Tayyip Erdogan's plan even after inflation jumped above 21% and the currency spiraled to all-time …

U.S. Fed keeps rates flat

U.S. Fed keeps rates flat

The U.S. Federal Reserve said Wednesday it kept its benchmark interest rate unchanged between 0.00% and 0.25% and noted tapering will start later in November. The much-awaited tapering process of reducing the $120 billion monthly asset …

Kazakh central bank hikes rate to 9.75%

Kazakh central bank hikes rate to 9.75%

Kazakhstan’s central bank delivered its third consecutive interest-rate hike as inflation accelerated in Central Asia’s largest energy producer. The National Bank raised the key rate by 25 basis points to 9.75%, it said in a …

Russia raises key rate to 7.5%

Russia raises key rate to 7.5%

Russia’s central bank increased its key interest rate sharply to 7.5% on Friday, delivering its sixth hike this year in an effort to tame the highest inflation since early 2016, and indicated that more rate rises were still possible. …

Turkey delivers unexpected rate cut after Erdogan pressure

Turkey delivers unexpected rate cut after Erdogan pressure

Turkey’s central bank unexpectedly cut its benchmark rate on Thursday, risking further volatility in the lira amid high inflation and reflecting the long shadow cast by President Recep Tayyip Erdogan over monetary policy

Bank of Russia increases key rate to 6.75% per annum

Bank of Russia increases key rate to 6.75% per annum

Russia’s Central Bank has again raised its key rate - by 0.25 percentage points to 6.75%, noting that it holds open the prospect of further key rate rises at its upcoming meetings, according to the press release following they key rate …

Armenian central bank raises key rate

Armenian central bank raises key rate

Armenia’s Central Bank said today its Executive Board has raised the key refinancing rate by 0.5 percentage points, setting it at 7%. It said also that the Lombard repo rate provided by the Central Bank is 8.5%, and the rate on …

Russian central bank could raise rates in July

Russian central bank could raise rates in July

Russia’s central bank will consider raising its benchmark interest rate by between 25 and 100 basis points from the current 5.5% at its next rate-setting meeting on July 23 to rein in inflation, Governor Elvira Nabiullina said on …

Bank of Russia raises key rate to 5.5% per annum

Bank of Russia raises key rate to 5.5% per annum

For the second time in a row, the Bank of Russia raised the key rate by 0.5 percentage points to 5.5% per annum, according to the regulator's statement. "On 11 June 2021, the Bank of Russia Board of Directors decided to …