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Articles with tag "Central Bank"

Russians Repatriate Record Sums From Foreign Banks – Central Bank

Russians have repatriated about 188 billion rubles ($2.31 billion) in total since March.

Russia’s High Rates Pose Bigger Threat to Companies Than Past Crises, Think Tank Warns

The longer the economy operates under tight monetary conditions, the greater the risks to production and corporate balance sheets, a Kremlin-linked think...
3 Min read

Russians Cut Bank Debt as Lending Slows After Credit Boom

The cancellation of subsidized mortgages, a record-high key rate of 21% and restrictions on retail lending have all slowed growth.
2 Min read

Russian Central Bank Slashes Key Rate to 17% as Economic Slowdown Fears Grow

Policymakers said inflation expectations “remain high.”
3 Min read

From War Surge to Slump: Is the Russian Economy Heading Toward Recession?

The Russian economy is still posting GDP growth, but the war-driven boost from heavy budget spending is fading.
3 Min read

Russia’s Credit Growth Slows as Households Cut Borrowing

The Central Bank described retail lending as “weak” and corporate lending as “moderate,” attributing the slowdown to its tight monetary policy...
2 Min read

Past-Due Mortgage and Auto Loan Debt in Russia Nearly Doubles Amid Economic Strain

Economists say Russian consumers are devoting a larger share of their income to everyday expenses, leaving less money to service debt.
2 Min read

Internet Blackouts Driving Russians and Businesses Back to Cash, Central Bank Says

The internet shutdowns have spread even to regions far from the Ukrainian border following repeated drone attacks.
2 Min read

Russia’s Labor Shortage Persists Despite Central Bank Optimism

While the Central Bank cited early signs of easing in labor market strain, the broader picture suggests that the shortage of workers remains acute.
2 Min read

Russian Banks Report Deposit Outflows Amid Falling Rates and Freeze Fears

Eight of the country’s 20 largest credit institutions experienced deposit outflows in June.
2 Min read

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.
2 Min read

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
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