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Articles with tag "Central Bank"

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.

Russia’s Central Bank Acknowledges ‘Short-Term’ Impact on Ruble Exchange Rate

Philipp Gabunia, deputy chair of Russia’s Central Bank, said the bank had taken sufficient measures to stabilize the ruble.
1 Min read

Russian Central Bank Halts Currency Buying Until 2025 as Ruble Slides

The suspension comes as the ruble traded as low as 113 to the dollar for the first time since March 2022.
1 Min read

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.
6 Min read

Russian Ruble Falls to 100 Per Dollar in Official Exchange Rate

Wednesday’s rate, pegged by the Russian Central Bank at 100.03 rubles per dollar, reflects a nearly 19% devaluation since early August.
1 Min read

Russia Faces a Wave of Bankruptcies as Borrowing Costs Skyrocket

Corporate bankruptcies in Russia have jumped by 20% this year as soaring interest rates and liquidity shortages push firms closer to financial ruin.
5 Min read

Russia’s Central Bank Signals ‘Very Likely’ December Rate Hike

“While a rate hike at the next meeting is not predetermined, its probability is very high,” the regulator said in a new summary of last month’s policy...
2 Min read

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.
2 Min read

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.
2 Min read

Russia’s Real Estate Market Rocked by the End of Generous Mortgage Subsidies

Russia is now facing a housing affordability crisis which will compound the coming economic slowdown in 2025.
6 Min read

Russian Officials ‘Resigned’ to Letting Ruble Fall Past 100 vs Dollar – Bloomberg

Some officials expect the low exchange rate will benefit Russia’s state budget amid government plans to increase defense spending.
2 Min read

Russia’s Central Bank Steps Up Yuan Sales Amid Deficit

The Russian domestic market reportedly saw a yuan liquidity shortage this summer as some large exporters turned to borrowing in CNY amid ruble interest...
2 Min read

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...
2 Min read

Russia Extends Limits on Overseas Money Transfers for Another 6 Months

The curbs were first introduced by President Vladimir Putin after the invasion of Ukraine to protect the economy from Western sanctions.
1 Min read

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.
3 Min read

Russia Extends Curbs on Foreign Cash Withdrawals

Russians with existing foreign currency accounts will be able to withdraw only up to $10,000 in U.S. dollars or euros until March 9, 2025.
1 Min read

Sanctioned Russian Central Banker Named to IMF’s Board

Ksenia Yudaeva was hit by the first series of sanctions put in place by Washington after the start of Russia's invasion of Ukraine.
1 Min read

Russia Revokes American Express Bank License

Vladimir Putin granted American Express Bank permission to “voluntarily liquidate” its Russian operations in May.
1 Min read

EU Transfers $1.6 Billion Raised From Russian Assets for Ukraine

EU member states agreed to use the profits from frozen Russian Central Bank assets to help arm Ukraine and fund its reconstruction.
2 Min read

Russia’s Central Bank Raises Rates to 18% Amid Inflation Woes

The increase comes as the country struggles to get a hold on inflation and as widespread labor shortages drive up wages.
2 Min read
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