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Articles with tag "Central Bank"

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.
Real incomes

Putin Calls for Rise in Incomes, Stronger Economic Growth

The president wants living conditions for ordinary Russians to show faster improvement.
central bank

Net Capital Outflow from Russia Increases by 1.6 Times to $28Bln

The outflow was mainly due to banks' operations, which have steadily been paying down external liabilities and building up their foreign assets.
buffer zones

Russia’s Top Borrowers Join Calls to Let Banks Use Domestic Ratings

There is a movement to allow Russian agencies to set banks’ capital buffers, which the central bank is resisting.
de-dollarization

Putin’s Pledge to Ditch the Dollar Is Slowly Becoming a Reality

The Russian president wants to lower the economy’s vulnerability to U.S. sanctions.
'Financial fortress'

Russia's Gross International Currency Reserves Top $530Bln

Moscow, buying gold, is seeking to reduce its dependence on the U.S. dollar.
Rate Cut

Russia’s Central Bank Cuts Key Rate to 7.25%

The bank said it might lower rates again at its next review meeting in September.
inflation impact

Bank of Russia Says Inflation Drop Doesn’t Mean Bigger Rate Cut

The bank is expected to cut the interest rate on July 26.
In The Money

Russia’s Current Account Sees Bumper Surplus in First Half

A large trade surplus and an increase in foreign direct investment account for the surplus.
Rate cut

Russia’s Central Bank Cuts Key Rate to 7.5%

The bank cut the rate for the first time this year and said it might lower rates again.
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