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Russian Central Bank Holds Key Rate Steady Amid Soaring Inflation

Annual inflation exceeded 10% last month for the first time in two years, with price increases expected to average between 7% and 8% this year.

Inflation in Russia Has Likely Peaked and Rate Cuts May Start in June – Analysts

Rencap expects rate cuts to commence in June, bringing the rate down to 16% by year-end.

'Out of Control': Russia's CPI Inflation Up Again to 9.5% in December

The Central Bank continues to lose the fight to reign in rising prices.

The Russian Economy in 2025: 5 Key Things to Watch For

The Kremlin has used its deep financial reserves to prop up the economy — but Russia appears to be finally feeling the weight of wartime pressures.

Putin Says Inflation ‘Worrying’ But Russian Economy Remains ‘Stable’

“With the economy as a whole, the situation in Russia is stable, despite external threats,” he said at his annual press conference.

Russian Inflation Ticks Up Amid Ruble Woes

Prices rose 8.9% on an annual basis last month, up from 8.5% in October and more than double the state's 4% target.

Russia’s Central Bank Governor Says Likely Rate Hike ’Not Predetermined’

The statement comes amid rumors that the bank could raise the key rate to 22-23% at its Dec. 20 meeting.

Russian Authorities Anxious Over Holiday Food Prices

Prices for mayonnaise, a key ingredient in traditional New Year's dishes, are set to increase just before the holiday.

Russia’s Sberbank Expects 22-23% Key Rate Hike

Central Bank Governor Elvira Nabiullina has warned of “more drastic changes” in monetary policy amid stubborn inflation.

Nabiullina vs. Stagflation: Can Putin's Top Technocrat Save the Russian Economy Once Again?

The Central Bank head, seen as Putin's most capable technocrat, is facing scrutiny from businesses and Kremlin allies amid stubborn inflation.

Butter Prices Spike in Russia. Dairy Producers Blame Ice Cream

The surging prices have led to increased thefts in some supermarkets and prompted Moscow to boost imports of the staple good.

Russia’s Central Bank Chief Vows ‘Tough’ Response in Fight Against Inflation

“We’re not planning to take any shortcuts as we move toward our 4% target,” Russian Central Bank Governor Elvira Nabiullina told lawmakers.

Russia’s Central Bank Raises Key Rate to Historic 21%, Signals Aggressive Fight to Curb Inflation

Inflation continues to weigh on Russia’s economy amid surging military spending for the war in Ukraine.

Russia’s Inflation Down Only Marginally in September, Beginning of October

The market expects the key interest rate to rise to at least 20%, especially after the government drafted a 2025-2027 federal budget seen as pro-inflationary...

Analysts Raise Inflation Forecasts Due to Russian Budget

One of the strongest pro-inflationary factors is a 12% rise in housing and utility tariffs, which could add 0.5 percentage points to inflation in 2025...

Russia’s 2025 Budget Seen as Pro-Inflationary – Analysts

The 2025 budget boosts military spending by 25%, with the Russian Central Bank warning of fiscal risks to inflation.

Russia’s Central Bank Raises Rates to 19% as Inflation Ticks Up

“Growth in domestic demand is still significantly outstripping the capabilities to expand the supply of goods and services,” the bank said.

Russian Food Suppliers Warn of Price Hikes Up to 40%

Industry insiders blame high inflation and expensive loans, as well as the rising costs of shipping and raw materials.

Russian Inflation Rises Once Again in May

Increases in government expenditure have supported Russia's economy but also triggered surging prices and labor shortages.

Russia Holds Rates After Putin Urges Caution

Speaking to business leaders on Thursday, Putin had stressed the need to be "careful" over when to start cutting rates.

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