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Articles with tag "Central Bank"

Russian Central Bank Signals Shift From Inflation Fight With Sizeable 2% Rate Cut

Months of high rates have helped tame soaring inflation but also made borrowing painfully expensive for businesses and consumers.

Majority of Russians Unwilling to Adopt Digital Ruble, Survey Finds

The Central Bank’s blockchain-based digital ruble is being developed as a domestic payment alternative to bypass foreign banks and Western financial...
2 Min read

1 in 3 Russians Report Transfer Blocks Under New Central Bank Rules, Survey Finds

The measures, which went into effect on May 15, give banks the authority to limit transfers and block cards in cases of suspected fraud.
2 Min read
News Analysis

Does Russia's Economy Have a Debt Problem?

Record-high interest rates have led to warnings of a systemic banking crisis in the next 12 months. How realistic is that possibility?
6 Min read

Russians Set Record for Transfers to Foreign Brokers Amid Market Uncertainty

Despite the Central Bank’s repeated warnings, capital continues to flow outward.
2 Min read

Ruble Overtakes Dollar in Russian Export Payments

The sharp rise in ruble-based transactions is being driven not by global trust in the Russian currency, but by the expansion of opaque payment systems...
2 Min read

Russia’s Central Bank Cuts Key Rate From Historic High as Economy Slows

The move marks the bank’s first rate cut since September 2022 and comes amid growing political pressure to ease borrowing costs.
1 Min read

Russia at Rising Risk of Systemic Banking Crisis, State-Linked Economists Warn

While a full-blown crisis has not yet materialized, several warning signs point to a high likelihood of one happening, the experts said in a report.
3 Min read

Russia’s Primary Real Estate Market at Higher Risk of Bursting as Prices Soar, Central Bank Warns

Policymakers said the primary housing market in April reached its highest bubble risk level since at least 2016.
2 Min read

Russian Central Bank Holds Key Rate Despite Fears of Economic Slowdown

The high lending rates have put increasing pressure on businesses, with top corporate leaders urging the central bank to ease monetary policy.
2 Min read

Russia’s Inflation Stays Above 10% in March

Stubborn inflation and the ensuing high interest rates continue to be a major concern for Russian policymakers. 
1 Min read

Russian Central Bank Warns Falling Oil Prices Could Squeeze Budget

“The risks are there,” Central Bank chief Elvira Nabiullina told lawmakers, adding that Russia “always prepares for such risks.”
2 Min read

No Sign Western Businesses Want to Return, Russian Central Bank Chief Says

“As for companies that want to return, we haven’t received any requests in the financial sector yet,” Central Bank Governor Elvira Nabiullina said...
2 Min read

Russian Central Bank Holds Key Rate Steady Amid Soaring Inflation

Annual inflation exceeded 10% last month for the first time in two years, with price increases expected to average between 7% and 8% this year.
2 Min read

Only Rich People Should Be Allowed to Use Cryptocurrency, Russian Central Bank Says

The Central Bank argues that cryptocurrencies pose significant risks due to their volatility and lack of state backing.
2 Min read

Russia’s Central Bank Delays Mass Rollout of Digital Ruble

“Our intention is to proceed with the mass introduction of the digital ruble somewhat later,” Central Bank Governor Elvira Nabiullina said without...
2 Min read

Inflation in Russia Has Likely Peaked and Rate Cuts May Start in June – Analysts

Rencap expects rate cuts to commence in June, bringing the rate down to 16% by year-end.
6 Min read

Can Putin Afford to Walk Away from Ukraine Peace Talks?

Russia has posted its largest budget deficit in three years and depleted its rainy day fund by 57% since the start of the war.
5 Min read

Russia’s Central Bank Holds Key Rate at 21%, Says Inflation Pressures ‘Remain High’

It was the second time in a row that policymakers held the key rate after raising it to the current all-time high in October.
2 Min read

Russian Banks Slash Gold Reserves in 2024

The last time such a sharp decline in gold reserves was seen in 2020 during the Covid-19 pandemic.
2 Min read
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