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Articles with tag "Central Bank"

No Sign Western Businesses Want to Return, Russian Central Bank Chief Says

“As for companies that want to return, we haven’t received any requests in the financial sector yet,” Central Bank Governor Elvira Nabiullina said...

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.
2 Min read

Only Rich People Should Be Allowed to Use Cryptocurrency, Russian Central Bank Says

The Central Bank argues that cryptocurrencies pose significant risks due to their volatility and lack of state backing.
2 Min read

Russia’s Central Bank Delays Mass Rollout of Digital Ruble

“Our intention is to proceed with the mass introduction of the digital ruble somewhat later,” Central Bank Governor Elvira Nabiullina said without...
2 Min read

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.
6 Min read

Can Putin Afford to Walk Away from Ukraine Peace Talks?

Russia has posted its largest budget deficit in three years and depleted its rainy day fund by 57% since the start of the war.
5 Min read

Russia’s Central Bank Holds Key Rate at 21%, Says Inflation Pressures ‘Remain High’

It was the second time in a row that policymakers held the key rate after raising it to the current all-time high in October.
2 Min read

Russian Banks Slash Gold Reserves in 2024

The last time such a sharp decline in gold reserves was seen in 2020 during the Covid-19 pandemic.
2 Min read

Russia's Financial Flows Surge in January, Indicating Robust Economic Growth – Central Bank

All major industry groups witnessed growth, with the most substantial uptick coming in sectors driven by investment demand.
3 Min read

No Signs of Inflation Slowdown Yet, Russian Central Bank Says

The Central Bank's key rate has stood at a record-high 21% since October 2024.
2 Min read

Russia Faces Surge in Corporate Bankruptcy, Experts Warn

The Central Bank's key rate of 21% is driving up business debt burdens.
2 Min read

Russia's Hidden War Debt Creates a Looming Credit Crisis

The Kremlin's mechanism to unofficially fund its war machine is becoming a problem.
9 Min read

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.
7 Min read

Russia’s Central Bank Keeps Interest Rate Unchanged at 21%

Analysts had expected policymakers to raise the key interest rate to as high as 23% this month as they continue to fight against rising prices.
3 Min read

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.
1 Min read

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.
1 Min read

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
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