Gref sees chances of key rate cut
The Russian central bank may reduce its key rate at the next meeting on September 16, Sberbank CEO German Gref said. “If inflation goes down, there are chances,” Interfax cited Gref as saying. The …
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Dollar and euro slightly react to Central Bank's decision on key rate
The dollar and the euro exchanged rates briefly declined after the decision of the Bank of Russia to maintain its key rate at 10.5% per annum. Thus, the dollar exchange rate before the publication of the release on the key rate (at …
Russian Central Bank slows down key rate reduction
The Board of Directors of the Russian Central Bank has decided to maintain its key rate at 10.5% per annum at the today's meeting. "The decision and further tight monetary policy will contribute to achieving the inflation …
Georgia's central bank delivers another 50bp rate cut
Georgia's central bank continued to ease monetary policy by cutting the key refinancing rate by 50 basis points (bp) to 7%, the National Bank of Georgia (NBG) said on June 15, IntelliNews reports. The regulator began …
Central Bank: Russian banking system capable to finance economic growth
The Russian banking system is capable of financing economic growth, Chairperson of the Central Bank Elvira Nabiullina said on Monday, TASS reports. "We managed to preserve population …
Markets prepare for US interest rate increase in June
Major US stock indexes dropped yesterday of the background of a potential US interest rate increase in June. The Dow Jones Industrial Average plunged lost 0.52% and reached 17435.40 points, the NASDAQ Composite Index lost 0.56% and …
Is Russian Central Bank disappointed in reducing key rate?
The Deputy Governor of the Central Bank of Russia, Dmitry Tulin, said that cutting its key rate now would not lead to economic growth in the current conditions. "We consider the impact of monetary policy on the state of the real economy. If we believed that our policy is too tight and it kills the real sector and strangling the economic growth, we would have chosen a different trajectory of the key rate. We believe that cutting the key rate would not lead to economic growth in the current conditions," the first deputy chairman of the Central Bank said.
Ruble falls sharply after holidays
Ruble, which previously steadily increased, dropped during today's tradings on the Moscow stock exchange that resumed after a break for May holidays. As of 22:15, the dollar costs 66.6 rubles, rising by 1.97 rubles in a day. …
Central Bank of Russia decides not to change key interest rate
The Board of Directors of the Russian Central Bank decided to keep its key interest rate at 11%, based on the results of its meeting today. The regulator noted the positive processes of decline in inflation and inflationary …
Russian Central Bank to discuss key rate level
The Board of Directors of the Russian Central Bank will consider the question of the key rate level today. Experts suggest that the key rate will remain at 11% in conditions of instability in the financial and foreign exchange markets and …
Weakening dollar raises oil prices
Oil prices has increased in the world markets. As of 07:35 am a barrel of Brent oil increased by 0.34% to $44.47. The price of WTI crude oil increased by 0.33% to $ 42.78. The rise in prices is associated with the weakening of …
ECB holds its benchmark interest rate at zero
The European Central Bank (ECB) left its benchmark refinancing rate on hold at a record low of 0.0% on April 21st 2016. The marginal lending facility rate was kept at 0.25% and the bank deposit rate at minus 0.4%. Earlier …
Nabiullina says when Central Bank to cut its key rate
The chairperson of Russia’s Central Bank Elvira Nabiullina said that Russia's key rate would be cut as inflation and inflation risks fall. She drew attention to the important factors in connection with the …
Central Bank of Russia maintains key interest rate at 11%
The Board of Directors of the Russian Central Bank decided to keep its key interest rate at 11%, based on the results of its meeting today. According to the press service of the Central Bank, despite certain stabilization on financial …
National Bank of Georgia decides to leave key rate unchanged
The Monetary Policy Committee of the National Bank of Georgia has decided to leave the key interest rate at its current level of 8%. The regulator explained this step was due to macroeconomic projections, according to which the inflation …
Has Russian Central Bank 'frozen' key rate?
The Board of Directors of the Russian Central Bank decided to keep its key interest rate at 11% today. Against the backdrop of another oil price slump, monthly consumer-price growth rates have stabilized at a high level with a higher …
Russian Central Bank to decide on key interest rate level
The Board of Directors of the Russian Central Bank will consider the question of the key interest rate level today. Experts suggest that the key rate will remain at 11% in conditions of instability in the financial and foreign exchange markets and …
Ulyukayev expects no changes in key rate at next Central Bank meeting
The Russian Minister of Economic Development, Alexey Ulyukayev, does not expect the Central Bank to change the key interest rate at its board meeting on January 29. Recall, the Central Bank of Russia raised its key rate in …
Brent price falls below $39
The cost of the futures of Brent crude oil on London's ICE trading decreased by 2.06% to $38.92 per barrel for the first time in 7 years. According to the experts, the decline of Brent crude …
Russian Central Bank leaves its key interest rate unchanged
The Board of Directors of the Russian Central Bank left its benchmark interest rate unchanged at 11%. "The Board of Directors of the Russian Central Bank on December 11, 2015 decided to keep the key rate level at 11% per …
