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Articles with tag "Central Bank"

‘SIGNIFICANT DEVIATION’

Russia Keeps Key Interest Rate Unchanged at 6%

The Central Bank is having to adjust to economic risk caused by the coronavirus and the oil price war.
OIL SPILLOVER

Russia Braces For Higher Prices

The oil price war will lead to inflation and a dilemma for the Central Bank.
RECOVERY MISSION

Russia’s Central Bank Steps Up To Support Ruble

Bank starts selling foreign currency as markets reel from oil price crash.
LOSING INTEREST

Russia Cuts Interest Rates as Inflation Falls

Central Bank’s cat-and-mouse game to catch up with weak inflation continues with sixth consecutive rate cut.
safe haven

Five Years After Meltdown, Ruble Is Reborn as Trade-War Refuge

Analysts call it a “beacon of light” in emerging Europe, the Middle East and Africa.
INTEREST RATES

Russia's Central Bank Cuts Key Rate to 6.25%

Governor Elvira Nabiullina hinted that a pause might be on the cards after five straight rate cuts.
CURRENCY CONTROL

Central Bank Warns Russians Not to Save in Euros

Russian banks must not keep “excessive” amounts of foreign currency on their balance sheets, regulator says.
BANKING CLEANUP

Russian Banks More Stable and Transparent Than Ever, Central Bank Chief Says

Six years and $80 billion into a mammoth clean-up drive, Elvira Nabiullina hails the strength of Russia’s financial sector.
RATE CUT

Russia's Central Bank Cuts Interest Rates on Economic Fears

Rates slashed to 6.5% on weak inflation, slow growth and global risks.
E-PUNISHMENT

Finance Heads Call for Stronger Cybercrime Punishments

The two most important organizations in the Russian banking sector have called for tougher criminal responsibility for perpetrators of cybercrime.
you're fired

Putin Dismisses Kremlin Aide Glazyev, Critic of Central Bank's Policy

Glazyev is known for staking out a hardline stance in other instances without possessing the power to make policy decisions.
RUBLE RECOVERY

Share of Ruble in Banks’ Assets Climbs to Post-Crisis High

Sanctions and the increased attractiveness of the ruble help Russian banks diversify their balance sheets.
Inflation targets

Russian Inflation Falls to Central Bank's 4% Target

The Сentral Bank is expected to continue to lower rates with more cuts.
INTEREST RATES

Russia’s Central Bank Sees Scope for More Rate Cuts

The bank has already lowered the cost of borrowing three times this year.
SANCTIONS PROOFING

Eight Foreign Banks Join Russian Transfer System

Payments system launched in response to sanctions opens up to foreign users.
Credit rating

Russia’s Ratings Agency ACRA Assigns A- Sovereign Rating to Russia

The score is higher than those given by the big three international ratings agencies.
rainy day

Kremlin Plan to Tap Wealth Fund Fuels Tension With Central Bank

Russia expects to begin spending the money early next year and the battle over where it will go is already heating up.
gold reserves

Russia’s Massive Gold Stash Is Now Worth More Than $100Bln

Russia’s central bank has been the largest buyer of gold in the past few years as President Putin seeks to break reliance on the U.S. dollar.
Rate Cut

Russia’s Central Bank Cuts Key Rate to 7%

The bank said it might lower rates again at its next review meeting in October.
Blame Game

Oreshkin Goads Bank of Russia on Growth as Inflation Slows

The minister fears a recession if a surge in consumer lending continues unchecked until the bubble bursts on its own.
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