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Articles with tag "Central Bank"

wobbling currency

Russia Holds Rates After Putin Urges Caution

Speaking to business leaders on Thursday, Putin had stressed the need to be "careful" over when to start cutting rates.
six more months

Russia Extends Curbs on Money Transfers Abroad

The restrictions will be in effect between April 1 and Sep. 30, Russia's Central Bank said.
1 Min read
under pressure

Russia's Central Bank Keeps Rates at 16% Amid Stubborn Inflation

"Over the medium term, the balance of inflation risks is still tilted to the upside," the regulator said in a statement.
2 Min read
alternate payment

Armenian Banks to Suspend Russia’s Mir Payment System – RBC

The suspension will hinder Russian nationals living in Armenia from making non-cash transactions with their Mir cards, Russia's alternative to Visa and...
1 Min read
payment service

Russian Central Bank Revokes Qiwi Bank’s License

The regulator said it revoked the license of Qiwi Bank over what it called “high-risk operations” involving the black market.
2 Min read
holding steady

Russia’s Central Bank Holds Rates Amid High Inflation

Prices rose by 7.4% on an annual basis in January, Russia's federal statistics office said earlier this week — well ahead of the Central Bank's official...
2 Min read
frozen funds

Russia Prepares for Lengthy Legal Battle as U.S. Backs Asset Seizure – Bloomberg

The Biden administration reportedly supports confiscating some of the $5 billion of Russian reserves frozen in the United States.
2 Min read
monetary measures

Russia's Central Bank Raises Key Rate to 16% Amid Growing Inflation

Analysts expected the rate hike as the Central Bank has vowed to fight inflation, which accelerated to 7.5% in November.
2 Min read
stabilizing efforts

Russian Central Bank To Resume Currency Trades in 2024

The Bank had suspended those transactions in August as the ruble slid below 100 against the U.S. dollar.
2 Min read
rising prices

Russia Inflation Accelerates to 6.7%

Rising prices have caused concern for the Kremlin and Russia's Central Bank, which has raised interest rates to 15% in a bid to battle inflation.
2 Min read
'above expecations'

Russia Raises Interest Rates to 15% on Inflation Fears

“Current inflationary pressures have significantly increased to a level above the Bank of Russia’s expectations,” the Central Bank said.
2 Min read
church and state

Russia Halts Issue of New 1,000-Ruble Bills After Church Complaints

The 1,000 ruble bill featured Kazan’s Söyembikä Tower, which is topped with an Islamic crescent, and a museum in a former Orthodox cathedral that is...
2 Min read
key rate

Russia Raises Interest Rates to 13% Amid Inflation Concerns

The move is the second rate hike in two months following an emergency meeting in August held after the Russian ruble fell below 100 against the U.S. dollar...
3 Min read
monetary measures

Russia Steps Up Support for Sagging Ruble

Russia's Central Bank said that between Sept. 14 and 22 it would sell 21.4 billion rubles ($218.5 million) worth of foreign currency each day.
2 Min read
emergency meeting

Russia Raises Interest Rates to 12% After Ruble Plummets

The ruble gained strongly on the decision, rising by more than 2% to around 95 against the U.S. dollar.
3 Min read
Feature

Russia’s Digital Ruble Won’t Help It Evade Sanctions Anytime Soon

Russian lawmakers, think tanks and state media outlets have touted the Digital Ruble as a game-changer in helping Russia skirt Western restrictions.
5 Min read
money drain

Russia Loses Record $253Bln in Wartime Capital Flight

The rate of capital flight relative to GDP hit 13% in 2022, breaking the previous record of 11% seen both in 2008 and 2014.
1 Min read
inflationary pressure

Russia Hikes Interest Rates for First Time Since Post-Invasion Fallout

A falling ruble and surging military expenditures are pushing up inflation.
3 Min read
From markets to plans

Russia Risks Return to Planned Economy – Central Bank

Elvira Nabiullina cautioned against a top-down restructuring of Russia's sanctions-battered economy.
1 Min read
extended pause

Russian Central Bank Holds Rate at 7.5%, Hints Future Increases

The Central Bank said it “holds open the prospect” of a rate rise at its future meetings due to the pressures of inflation.
2 Min read
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