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Articles with tag "Central Bank"

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.

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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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...
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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.
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Russian Business Climate Indicator Slips to Near-Stagnation

February’s reading was the weakest since October 2022, when business activity slumped in the wake of Russia’s “partial” mobilization for the war...
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Russian Deposit Rates Fall to Lowest Level Since December 2023

“The period of ultra-high-yield deposits is over,” one analyst said.
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Russian Exporters’ FX Sales Fall to 3-Year Low, But Ruble Holds Firm

Net foreign currency sales by Russia’s largest exporters fell to $4.7 billion in December, the lowest level since the Central Bank started publishing...
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Russian Banks Shut Branches at Fastest Pace in Years as Services Move Online

The increase in closures reflects banks’ efforts to shift customers to remote services in order to cut costs and improve profitability, the Central Bank...
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Russia’s Wage Race Nears End as Growth Slows, Analysts Say

Deteriorating economic conditions were making it impossible to sustain previous rates of wage increases, the deputy head of CMASF said.
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Russian Inflation Drops Sharply in 2025

Analysts forecast inflation to pick up again in early 2026 as a rise in value added tax (VAT) kicks in, contributing to upward price pressures.
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Moscow Court Holds Preliminary Hearing in Central Bank Lawsuit Against Euroclear

A judge ruled that the proceedings would be held behind closed doors at the request of Russia's Central Bank, which sought to "protect banking secrecy...
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