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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.

Russia’s Inflation Moderates, Remains at 5-Year High

The pace of food price increases has started to slow down, but inflation remains well above government targets.

Russia’s Central Bank Accelerates Sale of Bailed-Out Otkritie Bank

The regulator is searching for strategic investors who could buy a controlling stake this year.

Russian Central Bank Unveils Largest Rate Hike in 7 Years

Bank opts for rare move of raising key rate by full percentage point as inflation pressures show little sign of slowdown.

Russia’s Inflation Rate Climbs Higher Again

Prices are rising at 6.5% in annual terms, well ahead of the Central Bank’s comfort zone.

Russia Raises Interest Rates Again as Inflation Persists

Central Bank hikes rates to 5.5% and says inflation will remain elevated for at least another 12 months.

Russia’s Inflation Surge Is Not Temporary, Will Hurt Economy, Central Bank Warns

At ‘Russia’s Davos,’ Russia’s top economic policymakers debate how to tame price rises.

RAINY DAY FUNDS

Russia’s Currency Reserves Hit Record $600Bln

As oil prices have recovered, Moscow’s international reserves have continued climbing.

Russia’s Inflation Headache Intensifies as PM Blasts Corporate ‘Greed’ for Price Hikes

Mikhail Mishustin attacked companies for profiteering, driving Russia’s inflation rate to a five-year high.

Russia Hikes Interest Rates in Battle to Tame Inflation

The regulator raised interest rates to 5% in a meeting Friday.

monetary policy

Russia Hikes Key Rate for First Time Since 2018

The Central Bank has raised its key interest rate to 4.5% from a record low of 4.25% amid rising inflation and food prices.

Pandemic Pushes Russia’s Gold Reserves Above U.S. Dollars For First Ever Time

Moscow has shifted its international reserves away from the U.S. currency over recent years.

Is Russia’s Housing Market Facing a Coronavirus Bubble?

Mortgages have never been cheaper and lending is growing at an eye-watering pace. Is it sustainable?

Inside Russia’s Plans For a Digital Ruble

Russia's Central Bank is eyeing up a new “digital ruble” — a regulated, controlled and legal alternative to cryptocurrencies.

TEMPORARY PAUSE

Russia Holds Back on Interest Rate Cuts, Citing Inflation Risks and Global Uncertainty

The Central Bank held its key rate at 4.25% on Friday, but said more cuts were likely before the end of the year.

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