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Russian Central Bank Slashes Key Interest Rate Again

The Bank of Russia said it was slashing the rate from 17% to 14% from next week, a greater cut than predicted by many analysts.

back in business

Russian Stock Market to Reopen Thursday After Unprecedented Pause

Partial resumption of trading will be key test of Russia’s financial health following four weeks of war and sanctions.

FINANCIAL REOPENING

Russia’s Central Bank to Buy Government Bonds

After a three-week suspension, limited trading will resume on Russia’s financial markets Monday.

NEW PERESTROIKA

Russian Economy Facing ‘Massive Structural’ Challenges, Central Bank Says

The Russian economy faces a new “perestroika” as it is forced to adjust to life under heavy sanctions and international isolation.

economic intervention

Russia Bans Foreign Currency Sales

Latest strict currency control raises fears of black market.

SANCTIONS AND INFLATION

Russia’s Economy on the Brink of Crisis After Ukraine Attack

Despite Moscow’s talk about a sanctions-proof economy, Putin’s military action will likely have steep costs.

Russia’s Central Bank Offers Liquidity Lifeline to Banks as Markets Crash

The country’s financial markets have plunged over the past two days because of the crisis in Ukraine.

INFLATION BATTLE

Russia Hikes Interest Rates Again, Warns of ‘Overheating’ Economy

The Central Bank raised its key rate to 9.5% as inflation pressures continued into the new year.

Russia’s Central Bank Steps In to Halt Ruble Slide as Markets in Freefall

Russia’s Central Bank was forced to halt foreign currency purchases in a bid to stop a dramatic slide in the value of the ruble.

Ukraine Standoff Threatens to Derail Russia’s Domestic Battle Against Inflation

Even without invasion, the crisis is accentuating rising price pressures at home.

currency control

Russian Central Bank Seeks to Ban Crypto Mining, Investment

Russia has the world’s third-largest share in the global crypto mining market behind the United States and Kazakhstan.

Russia Sharply Hikes Rates in Desperate Battle With Inflation

The Central Bank has raised interest rates to their highest level in four years as inflation threatens fragile pandemic recovery.

CRYPTO CRACKDOWN

Russia Mulls Crypto Investment Ban – Reuters

Central Bank concerned about financial stability risks from Russians' large cryptocurrency portfolios.

'ECONOMIC DISASTER'

Russia’s Inflation Surges Once More, Central Bank Poised for Rate Hike

Inflation has surpassed expectations again, climbing to 8.4% in November.

Economic headache

Russian Inflation Jumps to 8.1%

Prices are accelerating at the fastest pace in almost six years.

Russia Hikes Rates as Economists Warn of Triple Threat to Economy

The Russian economy faces a surge in coronavirus cases, partial lockdowns and spiralling inflation.

Russian Inflation Continues Climbing, Sets New 5-Year High

Prices have risen by 7.4% over the last year — almost twice the government’s target.

INTEREST RISING

Russia’s Central Bank Hikes Rates Once More in Inflation Battle

The bank is in a cat-and-mouse game as it tries to keep up with stubborn price rises.

Russia’s Inflation Hits New 5-Year High Ahead of Parliamentary Polls

As Russians prepare to head to the polls, rising prices are one of the biggest sources of discontent with the ruling party.

World Economy Could Face 2008 Meltdown, Russia’s Central Bank Warns

In new report, regulator sees potential for global recession and financial crisis within 18 months.

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