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Articles with tag "Central Bank"

Russia’s Central Bank Raises Rates to 19% as Inflation Ticks Up

“Growth in domestic demand is still significantly outstripping the capabilities to expand the supply of goods and services,” the bank said.

Russia Extends Curbs on Foreign Cash Withdrawals

Russians with existing foreign currency accounts will be able to withdraw only up to $10,000 in U.S. dollars or euros until March 9, 2025.
1 Min read

Sanctioned Russian Central Banker Named to IMF’s Board

Ksenia Yudaeva was hit by the first series of sanctions put in place by Washington after the start of Russia's invasion of Ukraine.
1 Min read

Russia Revokes American Express Bank License

Vladimir Putin granted American Express Bank permission to “voluntarily liquidate” its Russian operations in May.
1 Min read

EU Transfers $1.6 Billion Raised From Russian Assets for Ukraine

EU member states agreed to use the profits from frozen Russian Central Bank assets to help arm Ukraine and fund its reconstruction.
2 Min read

Russia’s Central Bank Raises Rates to 18% Amid Inflation Woes

The increase comes as the country struggles to get a hold on inflation and as widespread labor shortages drive up wages.
2 Min read

Russia's Central Bank Leaves Rates Unchanged Despite High Inflation

Inflation in Russia is currently running at 8.2% year-on-year, more than double the Central Bank's 4% target.
1 Min read

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.
2 Min read

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

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

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

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

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

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

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

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

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

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

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

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
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