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Articles with tag "Central Bank"

Russian Central Bank Trims Key Rate, Sees a More Balanced Economy Ahead

Policymakers said the economy “continues to return to a balanced growth path” despite an uptick in inflation in January.

Russian Business Climate Indicator Slips to Near-Stagnation

February’s reading was the weakest since October 2022, when business activity slumped in the wake of Russia’s “partial” mobilization for the war...
3 Min read

Russian Deposit Rates Fall to Lowest Level Since December 2023

“The period of ultra-high-yield deposits is over,” one analyst said.
2 Min read

Russian Exporters’ FX Sales Fall to 3-Year Low, But Ruble Holds Firm

Net foreign currency sales by Russia’s largest exporters fell to $4.7 billion in December, the lowest level since the Central Bank started publishing...
3 Min read

Russian Banks Shut Branches at Fastest Pace in Years as Services Move Online

The increase in closures reflects banks’ efforts to shift customers to remote services in order to cut costs and improve profitability, the Central Bank...
2 Min read

Russia’s Wage Race Nears End as Growth Slows, Analysts Say

Deteriorating economic conditions were making it impossible to sustain previous rates of wage increases, the deputy head of CMASF said.
2 Min read

Russian Inflation Drops Sharply in 2025

Analysts forecast inflation to pick up again in early 2026 as a rise in value added tax (VAT) kicks in, contributing to upward price pressures.
2 Min read

Moscow Court Holds Preliminary Hearing in Central Bank Lawsuit Against Euroclear

A judge ruled that the proceedings would be held behind closed doors at the request of Russia's Central Bank, which sought to "protect banking secrecy...
2 Min read

Russian Central Bank Slashes Key Rate to 16% 

Policymakers said inflationary risks remain elevated and have risen slightly in recent months, prompting the more modest 0.5% rate cut.
3 Min read

Russian Central Bank Says It Will Seek Damages From European Lenders

Without naming which banks it plans to take to court, the regulator said it was responding to ongoing attempts to seize its assets.
3 Min read

Russia’s Central Bank Seeks $230Bln From Euroclear Over Frozen Assets

The legal move comes as the EU debates how to use frozen Russian sovereign assets to provide long-term support to Ukraine.
2 Min read

EU Agrees to Indefinite Freeze of Russian Central Bank Assets

The move removes a major hurdle to using the roughly 210 billion euros in Russian sovereign assets immobilized in Europe to support Ukraine.
2 Min read

Russian Central Bank Sues Euroclear as EU Advances Plan to Tap Frozen Assets for Ukraine

The lawsuit comes as the EU moves toward approving a plan to use frozen Russian assets to raise funds for Kyiv in 2026-2027.
2 Min read

Russians Bring Money Home Despite Easing of Capital Controls, Central Bank Data Shows

This year is now on track to become the first in which households bring home more money than they move out.
2 Min read

Half of Russians Cannot Predict Household Income Beyond 6 Months – Survey

Half of respondents said they could only predict their family income for six months or less, up from 44% two years ago.
3 Min read

Russia’s Central Bank to Lift Restrictions on Foreign Currency Transfers

Money transfers by Russians and non-residents of “friendly” countries will be unrestricted starting Dec. 8, the Central Bank said.
1 Min read

Russians Pour Record Funds Into Domestic Securities as Rates Fall

Net contributions to brokerage accounts reached 872 billion rubles between July and September, up 83% from a year earlier.
3 Min read

Russia Sees Surge in Cash Circulation Amid Internet Outages and Tighter Bank Scrutiny

The jump is more than five times larger than during the same period in 2024, when cash in circulation grew by 137 billion rubles ($1.7 billion).
2 Min read

Russia’s Central Bank Plans Firearms Training for Employees

A tender posted this week shows the bank contracting for shooting lessons with automatic weapons at licensed ranges in or near Moscow.
1 Min read

Russia’s Share of Households With Savings Falls to 8-Year Low – Survey

Only 31% of respondents said they had a financial cushion that would allow them to get by for a time if they lost their main source of income.
2 Min read
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