key rate

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Russia's Central Bank freezes key rate

Russia's Central Bank freezes key rate

The Board of Directors of the Russian Central Bank has kept the key rate at the level of 7.25%. "The Bank of Russia has reviewed the inflation forecast upwards considering the planned increase of the value added tax in 2019. This …

Central Bank promises Russians easy long money

Central Bank promises Russians easy long money

Inflation dynamics enables the Russian Central Bank to cut further its key rate, the regulator’s First Deputy Chief Ksenia Yudaeva said. "Obviously, the current inflation dynamics allows a reduction," …

Russia’s Central Bank pauses key rate cuts

Russia’s Central Bank pauses key rate cuts

The Board of Directors of the Russian Central Bank decided to keep the key rate at 7.25% per annum, based on the results of its meeting today. "Annual inflation remains low. The April weakening in the ruble against the backdrop of …

 Putin describes conditions for lowering key rate

Putin describes conditions for lowering key rate

Russian President Vladimir Putin said under what conditions the country’s central bank may lower its key rate. According to him, it will be possible once the Russians get used to the new level of …

VTB Bank CEO gives cbank’s key rate forecast

VTB Bank CEO gives cbank’s key rate forecast

The key rate of Russia’s central bank may contract to 6–6.75% annually until the end of 2018, CEO of the VTB bank, Andrei Kostin, said on the sidelines of the World Economic Forum in Davos. "If we …

Russia’s central bank about key rate in 2018

Russia’s central bank about key rate in 2018

Russia’s central bank expects inflation in December to be approximately on the same level as in November, but there is a possibility that prices could increase slightly, the head of the analytical department at the central …

Russia's Central Bank cuts key rate to 7.75%

Russia's Central Bank cuts key rate to 7.75%

The board of directors of Russia’s Central Bank cut its key interest rate by 50 basis points to 7.75% from 8.25%. The central bank said it would also consider cutting the key rate next year because inflation had slipped below …

Sberbank CEO expects key rate to be cut on December 15

Sberbank CEO expects key rate to be cut on December 15

Chief Executive Officer of Russia’s Sberbank German Gref expects the Bank of Russia to reduce its key interest rate by 0.25 percentage points to 8% per annum at the next rate view meeting on December 15, 2017. …

 Russia's central bank promises key rate of 6%

Russia's central bank promises key rate of 6%

Russia's Central Bank expects that the key rate will stabilize at 6% after reaching this level in 2019, the deputy director of the Monetary Policy Department of Russia's Central Bank Andrey Lipin said, speaking at …

Russia's central bank chief: rate to be cut gradually

Russia's central bank chief: rate to be cut gradually

Russia's central bank will continue to gradually reduce its key rate as inflation is close to the target, the bank’s governor, Elvira Nabiullina, said. According to her, annual inflation is at 2.6% and is …

Russia’s Central Bank reduces key rate by 3%

Russia’s Central Bank reduces key rate by 3%

The board of directors of Russia’s Central Bank decided to cut the key rate by 25 basis points (which is 3% of the previous rate of 8.25% per annum) at the meeting on October 27. The board said that inflation holds close to 4%. …

Russia’s Central Bank cuts key rate to 2014 level

Russia’s Central Bank cuts key rate to 2014 level

Russia’s Central Bank slashed its key interest rate by 0.5 percentage points to 8.5% per annum, the regulator said in a statement on Friday, TASS reports. "On 15 September 2017, the Bank of Russia Board of Directors decided …

Russian central bank analysts predict more rate cuts this year

Russian central bank analysts predict more rate cuts this year

The Bank of Russia has room for a rate cut by the end of this year, analysts at the central bank said on Wednesday, Nasdaq reports. "The existing balance of risks speaks for keeping moderately tight monetary policy with a room for …

Russia's Central Bank expectedly keeps key rate

Russia's Central Bank expectedly keeps key rate

The board of directors of Russia’s Central Bank decided to keep the key rate at 9% per annum, the regulator said in a press release. The board of directors noted that inflation remains near the target level, and the recovery …