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Articles with tag "Central Bank"

Russian Central Bank Slashes Key Rate to 14.25%

The cut signals that policymakers remain cautious in lowering the key rate, as analysts had broadly expected a larger, 50-basis-point cut.

Russian Central Bank Chief Skips SPIEF After Calling In Sick

A source told Vedomosti that Elvira Nabiullina actually skipped the economic forum to attend the funeral of her adviser Alexei Mozhin.
1 Min read

Russia to Quadruple FX Purchases as It Rebuilds Wealth Fund and Seeks to Weaken Ruble

Moscow is seeking to rebuild its rainy-day fund while also easing upward pressure on the ruble, whose strength has weighed on export revenues and budget...
3 Min read

Russians Pull Money From Bank Deposits for First Time Since 2022 Mobilization Panic

The decline came as deposit rates eased from recent highs and consumers increasingly sought alternatives for their savings.
3 Min read

Russian Court Orders Euroclear to Pay Around $250Bln Over Frozen Assets

It was not clear how Russia intended to recover the funds, and Euroclear said it did not recognize the Russian court’s jurisdiction.
2 Min read

Russia Cuts 2026 Growth Forecast as Oil Revenues and Wartime Pressures Weigh on Economy

Deputy Prime Minister Alexander Novak said the government now expects gross domestic product to grow by just 0.4% next year, down from a previous forecast...
3 Min read

Russian Economy Shrinks in the First Quarter

The 0.5% contraction in GDP significantly missed the Central Bank’s earlier projection of 1.6% annualized growth for the period.
2 Min read

Russia’s Central Bank Cuts Key Rate to 14.5%

It marks the eighth consecutive cut since borrowing costs were hiked to a two-decade high in 2024 to curb surging inflation.
2 Min read

Russian Companies Freeze Hiring as Demand Cools, Central Bank Says

Some 64% of companies surveyed by the regulator said they do not plan to change staff numbers this year, citing subdued demand for their products.
2 Min read

Russian Part-Time, Idle Workforce Hits Highest Since 2020 Pandemic Peak

The surge points to a widening use of reduced working hours as companies seek to cut costs without resorting to mass layoffs.
2 Min read

Russian Central Bank Governor Warns of Unprecedented Labor Shortage

“This is a new reality for the government and for business alike,” Elvira Nabiullina said at an economic forum in Moscow.
2 Min read

Putin Demands Answers as Russia’s Economy Undershoots Expectations

He called for urgent measures to revive growth in what marks his second public complaint about economic weakness in a month.
3 Min read

Russia Pauses Budget Rule Changes as Oil Price Spike Eases Pressure – Reuters

The spike in prices has given Moscow breathing room after a steep drop in energy revenues earlier this year.
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Russia’s Gold Sales Hit Highest Level Since 2002 as Budget Pressures Mount

Total gold reserves fell to 74.3 million ounces, their lowest level in four years.
2 Min read

Russian Central Bank Lowers Key Rate to 15%

Policymakers highlighted an increasingly uncertain outlook for the Russian economy and inflation in the wake of the Iran war.
2 Min read

Russians Turn to Cash as Card Blocks, Mobile Internet Outages Erode Trust in Digital Payments

Russians withdrew more cash from ATMs in January than in any month since the market turmoil that followed the invasion of Ukraine in March 2022.
2 Min read

Russians’ Bad Household Debt Tops $30Bln as Repayment Strains Grow

The data point to growing strains in Russia’s consumer lending market as household borrowing continues to rise.
2 Min read

Russian Central Bank Challenges EU’s Indefinite Asset Freeze in European Court

The regulator argues that the move effectively stripped it of legal protection and the ability to enforce its rights.
2 Min read

Russian Stock Market Faces Uphill Battle to Hit Putin’s Ambitious 2030 Target

In 2024, Putin ordered the stock market to double its market capitalization to 66% of GDP. To hit that target now would require a near‑threefold increase...
3 Min read

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.
2 Min read
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