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Articles with tag "Central Bank"

key rate

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...
monetary measures

Russia Steps Up Support for Sagging Ruble

Russia's Central Bank said that between Sept. 14 and 22 it would sell 21.4 billion rubles ($218.5 million) worth of foreign currency each day.
2 Min read
emergency meeting

Russia Raises Interest Rates to 12% After Ruble Plummets

The ruble gained strongly on the decision, rising by more than 2% to around 95 against the U.S. dollar.
3 Min read
In depth

Russia’s Digital Ruble Won’t Help It Evade Sanctions Anytime Soon

Russian lawmakers, think tanks and state media outlets have touted the Digital Ruble as a game-changer in helping Russia skirt Western restrictions.
5 Min read
money drain

Russia Loses Record $253Bln in Wartime Capital Flight

The rate of capital flight relative to GDP hit 13% in 2022, breaking the previous record of 11% seen both in 2008 and 2014.
1 Min read
inflationary pressure

Russia Hikes Interest Rates for First Time Since Post-Invasion Fallout

A falling ruble and surging military expenditures are pushing up inflation.
3 Min read
From markets to plans

Russia Risks Return to Planned Economy – Central Bank

Elvira Nabiullina cautioned against a top-down restructuring of Russia's sanctions-battered economy.
1 Min read
extended pause

Russian Central Bank Holds Rate at 7.5%, Hints Future Increases

The Central Bank said it “holds open the prospect” of a rate rise at its future meetings due to the pressures of inflation.
2 Min read
new allies

​​Russia Central Bank Head Visits Iran to Strengthen Bilateral Banking Ties

The two heavily sanctioned countries are seeking closer economic ties.
1 Min read
immobilized assets

Over $8Bln of Russian Central Bank Assets Held in Switzerland – Bern

Switzerland banned transactions related to the management of Russia's Central Bank assets and reserves after Moscow invaded Ukraine.
2 Min read
Monetary Policy

Russian Central Bank Holds Key Rate at 7.5%

The Bank’s updated forecasts put annual inflation in 2023 between 4.5 and 6.5%.
2 Min read
stabilized drop

Russian Economy Contracts by 2.1% In 2022 — Rosstat

The Russian economy contracted by 2.1% last year, the government's statistics agency Rosstat said Monday, absorbing Western sanctions over Moscow's military...
2 Min read
'better than forecast'

Russian Central Bank Holds Key Rate at 7.5%

The Russian Central Bank will keep its key rate at 7.5%, it said Friday, noting that “economic activity trends are evolving better than the Bank...
command economy

Russia's Central Bank Under Pressure to Be 'More Upbeat' – Bloomberg 

President Vladimir Putin’s government is pressuring Russia’s Central Bank to be “more upbeat” about the country’s economy...
expected move

Russian Central Bank Maintains Key Rate at 7.5%

The Russian Central Bank kept its key rate at 7.5% on Friday, an expected measure aimed at supporting the economy against a global trend of rising borrowing...
Financial Hurdles

Expansion of Russia's Payment Faces 'Difficulties'

Russia is pushing for countries to adopt its domestic-made Mir payment system as a way to work around sanctions.
slowing inflation

Russia’s Central Bank Slashes Interest Rates to 7.5%

The key rate continues to fall nearly seven months after the Bank raised it to a historic 20% following the invasion of Ukraine.
looking ahead

Central Bank Predicts Russia Will Return to Economic Growth in 2024

"The main challenge in the coming years is to create the conditions for a successful transformation of the economy," a Central Bank report said.
key rate

Russia’s Central Bank Unexpectedly Cuts Rates By 1.5%

The Bank pointed to a slowdown in inflation but warned that sanctions continue to severely limit the economy.
times of uncertainty

Number of Russian Financial Fraud Schemes Triple – Central Bank

“New financial pyramid schemes have begun appearing,” the Central Bank said in a statement. 
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