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Russia Raises Interest Rates Again as Inflation Persists

Central Bank hikes rates to 5.5% and says inflation will remain elevated for at least another 12 months.

Russia’s Central Bank Demands End to Food Price Caps

Inflation climbed to 5.8% last month, official data showed, but the regulator worries caps are the wrong way to address surging prices

TEMPORARY PAUSE

Russia Holds Back on Interest Rate Cuts, Citing Inflation Risks and Global Uncertainty

The Central Bank held its key rate at 4.25% on Friday, but said more cuts were likely before the end of the year.

Russia Cuts Interest Rates to New Record Low

Central Bank fears inflation could stay low into 2021 and signals more cuts are on the horizon.

ECONOMIC WARNING

Russia’s Central Bank Cuts Rates and Warns of Deep Recession

Russia slashed interest rates to their lowest level since 2012.

Nabiullina Signals Russia Will Cut Interest Rates

Central Bank prepares markets for a cut in rates to their lowest level in six years.

‘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.

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.

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